Man, Don't ya just love  it when a plan comes together?
You can ignore all the gas savings crap and just look at  how the stupid car buyer got taken to the  cleaners:

If you traded in a clunker worth $3500, you get $4500 off for an apparent "savings" of  $1000.

However, you have to pay taxes on the $4500  come April 15th (something that no auto dealer will tell  you).  If you are in the 30% tax bracket, you will pay  $1350 on that $4500.

So rather than save  $1000, you actually pay an extra $350 to the Feds.  In  addition, you traded in a car that was most likely paid for.  Now you have 4 or 5 years of payments on a car that you did not  need, that was costing you less to run than the payments that you  will now be making.

But wait, it gets even better.  You also got ripped off by the  dealer … for example,  every Ford dealer was selling the Ford Focus with all the  goodies, including A/C, auto transmission, power windows, etc. for $12,500 the month before the "cash for clunkers" program started.

When "cash for clunkers" came along, they stopped discounting them and instead sold them at the list price of $15,500.  So you paid $3000 more than you would have the month before…  (Honda, Toyota and  Kia played the same list price game as Ford and Chevy did)..

So let's do the final tally here:

You traded in a car worth:   $3500
You got a discount of:         $4500
———
Net so far                           +$1000
But you  have to pay:          $1350 in  taxes on the $4500
——–
Net so far:                            -$350
And you paid:                     $3000 more than the car was
selling for the month  before
———-
Net                                     -$3350

We could also add in the additional taxes (sales tax, state tax, etc.) on the  extra $3000 that you paid for the car, along with the 5 years of interest on the car loan, but let's just stop here.

So who actually made out on the deal?  The Feds collected taxes on the car along with taxes on the $4500 they "gave" you.  The car dealers made an extra $3000 or more on every car they sold along with the kickbacks from the  manufacturers and the loan companies.

The manufacturers  got to dump lots of cars they could not give away the month before.  And the poor, stupid consumer got saddled with even more debt that they cannot afford.

Obama and his band of merry men convinced Joe consumer that he was getting $4500 in "free" money from the "government" when in fact Joe was giving away his $3500 car and paying an additional $3350 for the privilege.

Think this was  stupid?

Just wait until we  get health care with "no additional costs over what most of us now pay for health insurance and the best medical care in the world.  Think the new scheme might be designed by the same people who came up with Cash for Clunkers?

1. "Those who hammer their guns into plows will plow for those who do not."
~Thomas Jefferson

2. Those who trade liberty for security have neither.
~John Adams

3. Free men do not ask permission to bear arms.

4. An armed man is a citizen. An unarmed man is a subject.

5. Only a government that is afraid of its citizens tries to control them.

6.. Gun control is not about guns; it's about control.

7. You only have the rights you are willing to fight for.

8. Know guns, know peace, know safety. No guns, no peace, no safety.

9. You don't shoot to kill; you shoot to stay alive.

10. Assault is a behavior, not a device.

11. 64,999,987 firearms owners killed no one yesterday.

12. The United States Constitution (c) 1791. All Rights Reserved.

13. The Second Amendment is in place in case the politicians ignore the others.

14. What part of 'shall not be infringed' do you NOT understand?

15. Guns have only two enemies; rust and politicians.

16. When you remove the people's right to bear arms, you create slaves.

17. The American Revolution would never have happened with gun control.

Must watch video! It disturbs me to send you this but our founders foresaw this tyranny and we were warned more than two centuries ago! Obey all lawful orders…and question those that are not! It is our duty! Was Katrina an exercise in propagating misinformation that dulled our senses?