Ferrari Mailing List: New Stuff -

[LarryT (l02turner]

Rec'd this in a recent SEMA newsletter -

Washington lawmakers are drafting a large economic stimulus package to help 
create jobs and rebuild infrastructure. They want to include a nationwide 
scrappage program which would give U.S. tax dollars to consumers who turn-in 
older cars to have them crushed, as a misguided attempt to spur new car 
sales. The lawmakers need to scrap this idea.

The stimulus package is being drafted right now. House Speaker Nancy Pelosi 
(D-CA) wants to introduce the bill on January 6 and have it approved by 
Congress by January 20, so that President Obama can sign it into law after 
he is inaugurated.

IMHO this kind of law does little to remove old clunkers - often the 
clunkers are the owners only choice of  transportation - they can't afford a 
new car even with a pttance down payment.  Also, crushed cars yield no used 
replacement parts for those interested in them -

If the lawmakers think giving someone $200 (or even $500) for a clunker that 
they'll use to buy a new car will likely see the auto industry in the same 
boat as the financial industry - where legislators pushed Freddie and Fannie 
to make loans without due diligence.

But that's IMO -

Sincerely,
Larry T  (74 911, 91 300D 2.5T)
www.youroil.net Oil Analysis Kits &
Porsche Posters/Weber parts
Test Results - http://members.rennlist.com/oil/

http://www.scamfreetop10.com/1233.html


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