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	Name:	CAT BOAT -
	Subject:	Cash 4 Clunkers
	Date:	10/30/2009 11:34:10 AM

Just my personal opinion. Here is fact>>> First off, the C4C program incentives varied in amount per vehicle, based on trade vs. vehicle purchased. Some were $3,500 and some $4,500. The government paid all monies (that I know of) to Car dealerships that PROPERLY documented and participated per guidelines setforth by the government. They provided a website that was easy for us to use for determining what amount each transaction would be. (Although it changed in amount from time to time for some reason, but that is where proper documentation comes in) We had to follow proper procedure and document the disabling of the vehicles, and they were picked up by a pre-designated junk yard.<<<End of facts as I know them.
My opinion>>>> I don't know how they come up a cost to the taxpayers of $2,400 per car. Thats way over my head. The program created traffic to dealer lots, but many cars/trucks were worth more than the clunker rebate, thus we did not use the program in many cases. I also believe that in a kinda sorta way it exploited the poor. Many clunker drivers/owners simply could not attain credit and were turned away by finance companies. Also, many commercial customers did take advantage of the program by trading in older work trucks worth next to nothing, and purchased new work trucks. We all know that the new trucks get better fuel mileage, and when a business can get $4,500 for a $1,500 truck they'll trade evertime. And last, the C4C incentives were compatible with other rebates and incentives, and that saved the consumer several thousand dollars in most cases.