The only thing that cash for clunkers did was to make it hard for high school kids to find a pickup they could afford.

@thomasrobinson182

3 жыл бұрын

And immigrants buying up lower cost cars.

@diego4ever425

3 жыл бұрын

No wonder I can’t find anything affordable, never knew this stupid program ever existed.

@Jgriffin0808081

3 жыл бұрын

Bastards

@YesYourRight

3 жыл бұрын

I know, I took my pickup that’s was only worth 3k and got 5k to trade it in for cash for clunkers.

@chippedspline

3 жыл бұрын

Well said

It just took cars away from poor people

@TheAnantaSesa

6 жыл бұрын

Another side effect of people falling for MMT and keynesian economic theory.

@Allangulon

5 жыл бұрын

That was their goal! Just another way to keep the populous on the Government teat!

@MyWatchIsEnded

5 жыл бұрын

That was the point. They wanted poor people to become dependant on the bank and politicians for their livelihood in order to secure future votes. The poor lost their cheap affordable and functional vehicles and got an unpaid car loan on their credit and no way to dig themselves out without government assistance.

@CurlyFromTheSwirly

5 жыл бұрын

This BS program didnt even help really poor people get a new car. It gave 3 or 4 thousand towards a new car, and it had to be brand new. So when you figure how much a brand new car costs, really poor people didnt get shit from this program. Thanks for nothin, Obuma!

@CurlyFromTheSwirly

5 жыл бұрын

True! The truth is they could have sold those cars or parts. Could have benefited the poor (rather than just middle class).

”The most terrifying words in the English language are: I'm from the government and I'm here to help. ” - Ronald Reagan

@wernman

4 жыл бұрын

Reagan made sure of that!

@vueher4965

4 жыл бұрын

Read it too fast and I thought it said Joe Rogan. Im starting to become dyslexic

@zachhunter1479

3 жыл бұрын

Yeah, trickle down reaganomics DEFINITELY worked 🙄

@jonm610

3 жыл бұрын

Zach Hunter exactly! Reagan thought he was helping by backing trickle down economics, and that has been the standard since by idiots

@Will-tm5bj

3 жыл бұрын

He was a shit president

It also almost killed my automotive service company. Take the money out of your local economy and give it to big business. Isn't that the American way?

@likeclockwork6473

3 жыл бұрын

That's socialism

@coldlogic800

3 жыл бұрын

@@likeclockwork6473 Actually that's fascism but an equally bad economic system.

@TylerWitucki

3 жыл бұрын

Now we have the virus lockdowns that have been shutting down businesses, while the rich are still getting richer.

@alejandrogames5675

3 жыл бұрын

That was Obamas way and people loved him for it

@TylerWitucki

3 жыл бұрын

Now the stimulus bill isn't really going to help the citizens, all we get is $600 when alot of the money is going into companies and overseas.

As a car enthusiast this made my blood boil.

@3rdcoastobs467

4 жыл бұрын

How many classics were destroyed, or even vehicles that needed minor repairs but had idiot owners...terrible but typical for Hussein Obama

@jamesbehrje4279

4 жыл бұрын

I worked for a family that bought and sold wholesale cars. Bottom of the barrel stuff they got theyd end up fixing up and selling for ridiculous prices, not because they're being greedy but because cash for clunkers made all used cars still around overly expensive!!! fck all these progressives that want to destroy our country.

@michaelbenoit248

4 жыл бұрын

TOUGH MAN RANDY SAVAGE, mine to, think of all the perfectly good cars that could’ve lasted another 10-20 yrs instead they threw them in the trash. Created more carbon, more pollutants in the air, & created a bigger pain in my A$$/climate change emissions SH!T.

@masonlynch1793

4 жыл бұрын

TOUGH MAN RANDY SAVAGE like old car city. That is the saddest place for motor vehicle enthusiasts.

@connorburton722

3 жыл бұрын

1:54 there’s and IROC-Z behind him

Broken window fallacy. A baker shows up to the bakery and finds a brick thrown through his window. A passerby sees his distress and explains that the smashed window is actually better for societey. He will buy new glass and the glass guy will buy new clothes with the money, and the tailor will buy bread at the bakery. The baker points out that he was going to buy new clothes too but is now stuck replacing a window. In effect, societey has not gained wealth, it has lost it to the tune of the value of 1 window.

@TheAnantaSesa

6 жыл бұрын

Slavery is good for society. Baker needs to pull his bootstraps and work a double shift. But he makes surplus bread so the price of bread falls and then the best he can afford to buy is the glassmaker's seconds at a thift store. Unless they shred those to stimulate so baker has to work double for even longer to save up. Just in time for another brick stimulus.

@bradleyweiss1089

4 жыл бұрын

I heard this broken window story years ago. I think it’s French. Sounds like European thinking. And the left says we need to be more like Europe. Yup.

@nws6146

4 жыл бұрын

BREEKI BRO Hazlitzz

@timgreen2426

4 жыл бұрын

"Only the govt thinks it can cut a foot off the too of a blanket, sew it to the bottom of the blanket, and get a longer blanket."

@rodrigobarros9172

4 жыл бұрын

Frederic Bastiat

They forgot the environmental impact that having to produce more new stuff.

@devin19222

4 жыл бұрын

Are you stupid, obviously you destroy an older car an 02 civic for example, smaller and lighter than modern cars, get high 30s low 40 mpg. And replace it with a new one, say a good ole american charger, and get high 10s low 20, but less pollution because more cats built in, obviously its better for the enviorment. At worst its net neutral, you replace a car with a car that cant hurt. But the new one cost more, which means its more economical and will generate revenue. Its also larger and heavier with more horsepower therefore safer. Not only that but, that old car was old, you cant move america foward with old things especially cars, imagine how much faster we could move forward with newer cars? Have you ever driven an audi, porchse or bmw? Those cars are super fast, thats how we move america forward.

@user-ld4qt6ci7b

3 жыл бұрын

@@devin19222 50% of the pollution done by a car over its lifetime happens before it's sold to you. You gotta melt steel, make rubber for tires, get the furniture, ship the parts halfway across the world to assemble it all together. It is actually *worse* to buy a new, economical car than it is to drive an old, less economical car.

@joecool4656

3 жыл бұрын

Томас Андерсон Couldn’t have said it better myself

@matineyang

3 жыл бұрын

@@user-ld4qt6ci7b Don't forget it puts people into more debt buy a new car instead of keeping their older paid off one. Feeds off the impulse of people to have new items and living outside their means.

@TraceLight

3 жыл бұрын

Devin Pfennig who cares about the environment. Commiefornia evidently, due to their recent ban on gas cars after a certain year. Yep, I’m going to driving my 94 850CSi with no cat way past that date.

"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong". -- Thomas Sowell

I remember being a young college student thinking this was a great idea at the time. Funny how people with no money or experience love the government.

@looseele

4 жыл бұрын

So let me guess...you grew up and now you recognize the folly of your youth? We need a little bit of that right now with all the idiots voting for Bernie Sanders.

@ogalief

4 жыл бұрын

Looseel Scott Up until I was in my second year of college, I was incredibly left leaning. Was always told that conservatives are evil ignorant pigs who vote in corrupt politicians. I believed it for the longest time. Then I started questioning things after seeing some crazy diversity initiatives and seeing that video of Big Red. After listening to both sides with an open mind, I can now say that I’ve been a staunch conservative for the past five years.

@CurlyFromTheSwirly

4 жыл бұрын

@@ogalief, you are a real Liberal. You vote principal over party.

@rustyshackleford2185

4 жыл бұрын

This will be todays bernie supporters when they grow up

@fadenmac8092

4 жыл бұрын

...and they elected Trump.

RIP used car market, i remember when finding a bargain was easy

@segafreak11

6 жыл бұрын

Inner G Not only that, but this was implemented just as I was coming out of high school /trade school, for auto body....I WAS PISSED! No one was hiring, cause this crap messed up their business as well.

@smithwrx5910

6 жыл бұрын

Don't let the older ones fool you. They chosen to raise the price. Last time I checked, when you own a car, you decide how much your willing to sell it for.

@SovereignStatesman

6 жыл бұрын

Inner G - yep, that's all it did, drive up the price at taxpayer expense. So you pay more for taxes AND cars, for that grinning shit-ball.

@RagDollRat

6 жыл бұрын

i feel like the left doesnt understand what supply and demand is or their just malicious

@kevinerose

5 жыл бұрын

I know about half of the used car lots in my area went under when this happened.

I worked at a Chrysler dealership at the time. It was absolutely disgusting to see them destroying perfectly functional vehicles.

Another problem, the loss of used spare parts. Remember the rules of the program said the whole car needed to be destroyed. They even had to put a liquid in the engines to seize them. What a great program!

@r5t6y7u8

3 жыл бұрын

Beat me to it. Oh, you got sideswiped and need a replacement door? Now you're going to spend much more time driving around with a dented door while the auto salvage places look for your year and model.

@baileyhatfield4273

3 жыл бұрын

@@r5t6y7u8 I understand the fact that there would be ACRES ON ACRES of used cars, stacked up together...but for being the party of the ''environement'' ect they do a shit job at preserving precious metals ect. Or things which take a bunch of manufacturing. Aka most things in a car. Body panels, engines, plastics rubbers cloth metal lines nuts bolts. It would of been better to just do what some scrap yards do and fix up the cars which can be fixed reasonably cheap, sell them and then the rest, go out for parts to fix peoples cars. Then again it isn't the ''stimulus'' that the auto industry ''needed''. I understand why it was done, but it was not good at all.

@tyree9055

3 жыл бұрын

Yep, I didn't fall for their bulls**t. But now instead of being able to buy the part you need for your car (from a junkyard), you have to buy the entire door (instead of just the door latch). F'ing dumba**es!!! 🙄👎

It also drove the cost of salvage parts way up.

Yes destroy cars that can be sold for lesser value so people who can't afford a new car are without. Smart.

@avalsonline2

7 жыл бұрын

you destroy cars that are not running and would not be sold. i think you are missing the entire fucking point. and meanwhole you give people money to spend. maybe on cars, maybe not. our economy is based on spending. most of the cars taken in by the program were junk cars that were never going to run. and yes, the4 program ran out of money. THAT IS WHAT IT WAS SUPPOSED TO DO.

@gordomiguel1931

7 жыл бұрын

Cash for clunkers was badly abused and plenty of good vehicles were sent to the crusher for a quick buck.

@avalsonline2

7 жыл бұрын

are you telling me that people donated fully operational vehicles?

@ironcast

6 жыл бұрын

You betcha

@avalsonline2

6 жыл бұрын

why would i seel a car for lesser value if i can get more money through the program?

It just took cheap reliable cars off the road

@bigpjohnson

3 жыл бұрын

I was at the u-pull-its in 2010. Tons of Explorers and Blazers that were C4Ced, with an average of 150K miles. Lots of life left! The normally junked ones always had 200K+.

@TheJasonrox

3 жыл бұрын

@@bigpjohnson that kind of waste is just disturbing I don’t know why they couldn’t see that poorer people didn’t have the money even with the incentive they really could have used those used cars which I hold have been extremely cheap. Could have been a win win scenario but they threw it away

@bigpjohnson

3 жыл бұрын

@@TheJasonrox It was a payoff to middle and upper class buyers, many of whom vote Dem. It was a recession, who the hell goes car shopping except for people that already have money and steady jobs?? The junkyards got their well-maintained cars instead of people who needed dependable cars to get to work and improve their lives.

@herrschaftg35

3 жыл бұрын

@@TheJasonrox: Politicians are bought by lobbyists and don't give a fuck about the populace. All they care about is getting rich.

Yep. Crops were set on fire during the great depression to "stimulate the economy" while people were starving. That's the magic of Keynesian economics

What it did, was take a large group of people who had paid off cars... and put them in debt for 5, 6, or 7 years. Great idea!

@biplav32

5 жыл бұрын

No one forced them to do that though.

@jsb5188

5 жыл бұрын

@Mister Deplorable, Hey Republican ; P How do you think Pelosi can afford her vacation, And Odumbmas retirement fund !

I kept my vehicles. I saw it as a band wagon that everybody was jumping on. As usual, the band wagon went off the cliff.

Building in Haiti: *falls and crushes 7 people Politicians: aaaah yes, the smell of economy

@Freekniggers

3 жыл бұрын

Riots in america: democrats; "ahh the smell of votes and hurting the economy during trump's first term."

@michaelvol8922

3 жыл бұрын

I was in Hati after the earthquake. Nothing has been rebuilt in spite all the money we've sent there.

@Tank50us

2 жыл бұрын

@@michaelvol8922 It's almost as if money isn't the answer to all of the problems. What they need are materials and people who are trained to do the work needed to rebuild. Just throwing money at the problem doesn't make the problem go away.

On a funny note, the people that participated in that program had to claim that rebate as income and got taxed on it. That program messed up used car prices for two years.

@frankorner8797

4 жыл бұрын

No it's still having a effect

@jamesgavin6171

3 жыл бұрын

@@frankorner8797 Yea when you have a large supply of old cars built up over a course of many decades that makes them cheaper. but when you sudden destroy a significant amount of those irreplaceable cars from the 90's and what not ,the supply of old cars is PERMANENTLY lower meaning PERMANENTLY higher prices of old cars for decades to come until the supply of old cars build up again. Than again in future when old cars are back in high supply it could have been higher had we not foolishly destroyed them simply for the small and shorter benefit of stimulating the auto industry.

@frankorner8797

3 жыл бұрын

Another side effect is there will be fewer cars that can be restored as collector items and museum pieces.... When I was younger I tried to restore a couple of 50 era cars life happened and I had to give it up.. but that opertity is reduced for the next generations

@liam3044

3 жыл бұрын

The prices are still awful, Ford rangers are getting dumb in 4wd.

@gypsonny2

2 жыл бұрын

*two decades

Cash for clunkers... The reason I can't find cheap used body parts and glass for my 1977 caddy.

@jamesb8305

6 жыл бұрын

john doe they had to crush the older cars to make room for all the incoming cars they had to crush from C4C. Many acres of older cars.

@avalsonline2

6 жыл бұрын

did they? were all those cars confiscated by the government??? were they forcefully taken away from their owners?

@pinkamenadianepie8609

6 жыл бұрын

James B it's all a scam to get people to buy cars that won't last and are throw away cars and the process starts all over again

@pinkamenadianepie8609

6 жыл бұрын

john doe I bet

@avalsonline2

6 жыл бұрын

you cant buy a car for a thousand bucks, dumbass. not unless it is another clunker. people can do simple math.

it'll create lots of jobs in asia since most stuff is imported

@jacobklang6693

6 жыл бұрын

hey obama did his best... to destroy small businesses

"I wonder how much wealth I could create if I caused an earthquake." -never let a crisis go to waste!

@jaminsim5965

4 жыл бұрын

You were a few months too early for that one to really hit home...

@icmull

3 жыл бұрын

Or a pandemic! Really spurring on the healthcare industry!

After that program ended, it was actually cheaper to buy some models new. That’s how you can tell they screwed up a market

@gurjindersingh199

3 жыл бұрын

Toyota Tacoma

the sad part is those cars that were destroyed were better than the new crap on the road today.

@avalsonline2

7 жыл бұрын

if your car was running, why would you turn it in?

@pinkamenadianepie8609

6 жыл бұрын

Blue Infinity agreed

@testy462

6 жыл бұрын

Yeahhh... no. I'm sorry, see this myth everywhere. If you actually think any car from the 60s, 70s, 80s, 90s, or even 2000s is better than what you drive today you are looking at them thru very, very thick rose colored glasses. Cars did NOT last 150 or 200K miles on average like they can today. People forget a 60s or 70s car was considered nothing but junk at 80-100K miles. Hell, I put 110K on a 2008 Toyota over a period of 7 years... the only thing I ever replaced on it (other than oil change/filters) was a single rear tailight. Good luck doing that on anything made pre 1995~. And on top of that, a freaking Accord V6 turning mid 13s would outrun 90 percent of the 60s "muscle" cars, not to mention almost everything from the 70s, 80s, and 90s. Not to mention it would be FAR safer, stop faster, stop more times in a row without brake fade (drum brakes anybody?) and handle far better, not to mention all the safety advantages of traction control, stability control, advanced ABS, you name it. I'm a lover of 60s muscle, and a hot rodder at heart. But todays cars are the fastest, best handling, safest, most reliable, nicest interior, and best equipped cars ever made. The only downside is the cost of a new car.

@bcubed72

6 жыл бұрын

_"if your car was running, why would you turn it in?"_ Because consumerism? People are programmed to like shiny new toys. Dems exploited that...and even gave it a veneer of "eco-virtue" to falsely assuage anyone's conscience that might be troubling them about being "wasteful."

@bcubed72

6 жыл бұрын

_"Cars did NOT last 150 or 200K miles on average like they can today. People forget a 60s or 70s car was considered nothing but junk at 80-100K miles. Hell, I put 110K on a 2008 Toyota over a period of 7 years... the only thing I ever replaced on it (other than oil change/filters) was a single rear tailight. Good luck doing that on anything made pre 1995~."_ Uh, my 1994 F150 has 212,000 miles on it. Technologically, the engine was a "clean sheet of paper" in *1963.* Very little has broken...and if it ever does, the mechanical simplicity and copious underhood room ensures it can be cheaply and easily fixed. A seven-year old car is barely an adolescent...come back after a couple of decades and let me know how your car is faring! Again, while it's technically a 1994, everything on it (other than the EFI) is "legacy." Body-on-frame. The 300-C.I. inline-6 (with METAL TIMING GEARS...don't you have a rubber band for your cams?) (And from the way you talk, haven't you discarded your "Toy" already? For all you know, it's no longer on the road! Meaning I "beat" your rice bruner by 100k and 17 years!)

Cash for Clunkers was a Democrat pay off for the Auto Union. All the steel Unions got in on it. That is the real deal.

@werearethedreamteam3724

6 жыл бұрын

Dog Mat here's the kicker,the metal industry was overstocked and the metal prices literally plummeted to 50 USD a ton a all time low ever in which before they paying 200 USD a ton you cant see a conspiracy there..lol

@natehawkins2910

4 жыл бұрын

Don’t forget the banksters! Nearly ALL of Obama’s cabinet were ex Wall Street or bankers. All of the high interest auto loans made from cash for clunkers to people who should never have bought a brand new car with debt - it rewarded those banker guys too!

@timgreen2426

4 жыл бұрын

All the steel? Steel has solely been imported from China until 2017.

@FreedomInc

4 жыл бұрын

@@timgreen2426 seriously. I hope to god you are kidding.

@timgreen2426

4 жыл бұрын

@@FreedomInc look it up. Sad but true. Thats why the car manufacturers went overseas & steel cities collapsed. Places that were booming are now ghettos. Also, if you have a vehicle made after the 80's, go tap on it. Feels more like aluminum than steel. Made in China trademark.

This had to be the worst idea the government ever had. I can't even describe how livid I was when this whole thing started.

This reminds me of the 1984 part about just shoveling products into a hole

Hence the expression the road to hell is paved with good intentions.

@rodx5571

5 жыл бұрын

Where were the good intentions? I must have missed that part of this debacle. But you got the road to hell part right.

@Miatacrosser

4 жыл бұрын

@@rodx5571 ask them. Everything marxist leftists say is for our own good until you learn that leftists want about 200 million people here in America, to just die so their socialist utopia complete with all renewable energy resourses can have a slim chance of working. And if it doesn't, they'll just kill off more people. That really is their final solution to the "human problem" here on earth. Just visit their web pages, they all to a person want the earth's population to shrink.

@michaelweizer7794

4 жыл бұрын

@@Miatacrosser . ...a nd where is that great protector of the truth? The .media, bought and paid for by the liberal elites who want to buy this country and turn us all into slaves .

@tonystolz4982

4 жыл бұрын

Good intentions...the only good it did was raise prices, raise taxes and push poor people out of the market. The only people who benefited were car companies (new and used). They got huge tax deals from the Gov too. Car lobbyists got money pushed to the car industry that the politicians have huge investment stakes in...

This program hurt poor and low wage earners the most with the loss of affordable used cars in inventory. Also hurt home automotive mechanic DIY savers that drive used cars as a means to try keep food on the table.

A lot of older, potentially well built better than modern cars were destroyed during this.

All cash for clunkers did was make it really hard to find parts for my old Ford truck. So many old trucks got crushed instead of being found in salvage yards.

The broken window fallacy. People never learn.

@georgecataloni4720

7 жыл бұрын

Literally.

@anonymouse740

7 жыл бұрын

It's as if life is a parody when you see this stuff.

@juanitadudley4788

6 жыл бұрын

Robert Crego I don't think anyone advocates the broken window fallacy for their own business. Of course if the government (taxpayers) subsidized a new, better window....

@drew9114

6 жыл бұрын

A few weeks ago there was a guy on a Reason video defending the candlestick maker's petition.

@kandysman86

6 жыл бұрын

Rollo Larson debt spending is the lie that seeks to bypass this obvious truth. You spend your money on the window, then just borrow enough to spend on what u wanted aswell.

what really pissed me off is all the nice used cars that where junked keeping needy low-income people from being able to afford a low cost vehicle. this drove up the prices of used cars.. such a stupid waste of tax $

@doug9066

4 жыл бұрын

Yep I agree.

@SemiMono

4 жыл бұрын

So much for caring about the poor... Let's price them out of buying a car and help some people go into debt so that the massive auto maker corporations can get some undeserved business... That sounds real ethical.

@michaelweizer7794

4 жыл бұрын

@@SemiMono . .. it was even worse than that, I'm told a survey was taken on the cars traded in and the cars people bought. It was, traded in, alot of older US pickups Mini Van's a nd suvs and the cars that people bought were Imports like Toyota Corolla s and those ugly Poopieass Priuses, that's what I heard, How did that help the US car makers?

I never knew what Cash for Clunkers even was only heard about it, always thought it sounded stupid, glad to see I was right 😂

the stock market is struggling time to execute some bankers

@zaidnava562

3 жыл бұрын

Ikr

@CannonFodder873

3 жыл бұрын

...blame that on the countrys' leader, not the market...who do you think allows this stupidity ? I don't see Kelly Loeffler and other multi-millionaires struggling in the market...but I'm sure "inside" info is quite helpful to their bottom line.

Wrecked prices on used cars and car parts right when I became old enough to start driving. Used car prices are still high. Thanks Obama.

@Jimbogf

5 жыл бұрын

Well.... I mostly blame Cox Enterprises for the increased price of used cars. Cox, the owner of Autotrader purchased Kelley Blue Book in 2010. Cox has a vested interest in inflating the price of used cars, with the acquisition of KBB they can do just that. A lot of people use Kelley Blue Book to price their vehicles and they know it.

@TheDr.Magnum

5 жыл бұрын

I can't find a used starter truck for a decent price. It fucking sucks

"I can live with that" Yea, what do you drive?

@akirak1871

7 жыл бұрын

It seems like "progressives" are always saying "I can live with that" or "I'd be OK with that" when presented with the downsides of their meddling policies. Make no mistake: there's nothing compassionate about them. They don't care about anyone but themselves and their massive egos that depend on conspicuous "compassion".

@MilwaukeeF40C

6 жыл бұрын

"as opposed to the conservatives that look out for the little guy?" Simplistic binary response: "The guy who said something about progressives must be a conservative!". Go fuck yourself.

@kevinknorr9126

6 жыл бұрын

Liberals these days are just closet fascists. "I can live with making up the rules that you must follow. The reason I benefit from these rules is because they are good rules."

@avalsonline2

6 жыл бұрын

lets not pretend that liberals are the only ones with that mindset. and answer one question for me. of all the people that donated their cars, how many were forced to do so?

@kevinknorr9126

6 жыл бұрын

John Doe, you are an idiot and nobody forced you to be one. But, I can live with that.

John Stossel, a true American hero.

John, we love your segments!!! Thanks so much for investing the time to provide such indepth perspective.

Here where I live someone turned in a mint condition 1978 Grand Marquis. Fortunately the salesman had the foresight to call the owner of the dealership before any government paperwork was signed and the owner purchased it outright for himself.

"The terror attack...could even do some economic good..." *People screaming in fear in the background*

Long ago, when I was a kid in the early 2000s, I heard some legend about how in America you can buy a used car for $500 (or less) and this car, with proper maintenance and care of course, will serve you for years and years and in the future may become a collector’s item Then came cash for clunkers and turned the story I heard as a kid into a distant memory...

4:19 the rims were alright tho :(

@carterdioxide5641

3 жыл бұрын

BRO I THOUGHT THE SAME THING ),:

People that can't afford a new car rely on buying a used car, Cash for Clunkers, talk about a total failure.

@jaylast1958

5 жыл бұрын

It was a success. It was by design to take from the poor and give to the (rich) corps. It created more financial (and political) clout at the top, and more poor (and reliance) at the bottom . . . . The corporatist goal

@hakeemsd70m

Жыл бұрын

@@jaylast1958 Capitalism in a nutshell.

"The terror attack... could even do some economic good" Someone Actually Said That?!?

@sharkie3494

4 жыл бұрын

He's even considered a legitimate "Economist." He's too blinded by ideological values, and most of the social sciences are these days.

@williambracale3577

4 жыл бұрын

@snowdaysrule2 - Paul Krugman, an Ivy League professor and Nobel Prize winning economist said it. Now, think about THAT next time you write out a $60K check covering your kid's tuition!

@r5t6y7u8

3 жыл бұрын

Paul Krugman is an @55. One of the dumbest Nobel Prize Awards ever.

I had a clunker. A rusted out 1994 GMC Yukon GT 2-door with 100s of thousands of miles on it. It was my first car and it qualified for “cash for clunkers”. When I found out they would just destroy it I said hell no and sold it to a family friend for way less than the government offered. Don’t know whatever happened to it, but the mystery is way better than “the government destroyed it, the end”.

"you can't make a program that's going to make everyone happy" In the free market, everyone can be happy because people have the choice to support businesses that do them good or to not support any business at all.

I'm going to destroy my perfect old house. I'm a carpenter. Maybe I can get a job.

@kaufmanat1

4 жыл бұрын

It amazes me how they don't understand the most fundamental principles of economics... working simply for the sake of working is not a productive Enterprise. It is the value of the products that are produced by that labor that create economic wealth. These people are utterly moronic... By their logic ants should have the largest economy in the world. Those guys never stop working

So we make people richer, by taking their money and destroying their stuff? ...makes sense.

Chairman Mao would have loved Cash for Clunkers.

Absolutely the most accurate perspective of this program. Also the first ever to point out they crushed nice cars. This helped the very large dealers and drastically hurt the small lots. The average "clunker" was what small car lots sold and not the junk they trade in that really needs to get off the road.

"some of the trade-offs, I can live with..." ...cause I don't buy used cars!!! Oh, shit, are we still recording? TURN THAT OFF!!

I went to high school between 2008-2012. Cash for clunkers robbed many of my schoolmates from buying their first car without their parents help, or at all for those whose parents couldn't afford it. There's thousands of kids who didn't buy their first car until they were well into adulthood because of this program.

@engineerisengihere44

10 ай бұрын

WE ARE STILL FEELING THIS TODAY. There are other things involved as well (not gonna get into that), however a whole generation of PERFECTLY DRIVEABLE cars were destroyed for LITERALLY NO REASON. Words cannot express how STUPID of an idea this was.

by far one of the funniest videos! We need more Sledgehammer John!

I worked as a GM dealership tech back when all this happen and i was pretty sad to have to pour that liquid metal into the engine then hold it at redline until it seized up on a few of the cash for clunkers program cars. seemed like such a shame.

I bought an old car from a junk yard for 100 bucks titled ir under my name for 200 dollars sold it to cash for clunkers for 3700 lmao i made a killing

@TheAnantaSesa

6 жыл бұрын

Why didnt more people do this? Seems like people didnt communicate well. A bunch of cars worth more than 3k destroyed just for 3k each. The people were also idiots. Only a ~1-3k car being destroyed would be gov idiocy. A 5-6k+ car could have easily been sold to neighbors for 3k flat.

@Kevin_Roche

6 жыл бұрын

Most people are too lazy to log online to craigslist and make a post.

ANd of top of that, people went into debt to buy new cars they can't afford and have payments on. The cars they destroyed worked fine and they had no payment on them. WOW!! The Keynesian geniuses

@scottmckay9535

5 жыл бұрын

Kenyan, you mean?

I worked selling used car parts at the time and I can truly say that while this was taking place we took a huge hit in profits. Cars were destroyed that had many good parts on them which impacted our potential inventory...Not to mention that it forced people to take on loans that wouldn't have normally.

Dorsey-You can create a program that's going to make everybody happy, I can live with it. Don't start the program then.

Just what America needed...ANOTHER reason to go tens of thousands of dollars in debt and throw away something that could have benefited the used parts sector. They did this dumb shit in England too. Guy buys a car from GM. He drives it for five years and brings it back to the dealer to get a new one. Trouble is he hasn't fully paid for the old one but that's OK says GM. "We'll roll the old balance into the new loan." AND the cycle continues and you wonder why you're going bankrupt.

I'll admit it, I'm broke. The cars I can afford are the 10 year old ones.The 10 year old car for $1000 or $1500 are now $3000 and $5000.My income didn't change, so where is the extra money gonna come from when my 1990 Ford or the 1995 Dodge needs to be replaced?Thanks Obama and the rest of you rich guys that can buy what ever you want.

4:18 all car guys cried when they seen that hatch go down

I think cash for clunkers was a terrible idea for tax payers but it was a great idea for me. My POS Jeep that I bought six years earlier for $2100 got me $4500 for the program (KBB value about $500). Nine years later I still have the new car I bought. Best part though, was thanking my best friend (a liberal who voted for Obama) for paying more in taxes so I could buy my new car. It was priceless, lol.

@samuelm370

4 жыл бұрын

I agree and it's just about the same story for me. Best deal ever and I still own the car.

@Norm475

4 жыл бұрын

It's like the gun buyback program. My town had a gun buyback. I had an old .22 with a wobbly barrel I paid $25.00 for it and I got $100.00 I then took the hundred and added $500 to it and bought a quality firearm.

Every time I think about this, I get really angry. It was a terrible & devastating blow for the independently-owned auto repair businesses, as well as the consumers. I personally was hurt badly, because I owned a transmission shop at the time. Untold billion$ of perfectly good cars & parts were sent to the scrap heap, and there was nothing anybody could do! It was as if somebody cut my legs off, because it became much harder and more expensive to track down parts.

"Ending is better than mending!" - A Brave New World

I worked at a dealership. The used vehicles that were destroyed were great vehicles. They lost money because they couldn't resell them or sell them at auctions. The mechanics had a hard time ceasing the engines of excellent vehiclds And the used parts market was hit hard.

Government: creating problems for the sake of solving them

Again a government policy fails miserably. By the way of course it was our own money in the treasury the govt. used to pay out in the program.

Stossel has some of the most interesting out of no where reporting keep up the good work.

I almost forgot about this!🤣🤣

What was successful about it was it took all the cars with Obama bumper stickers off the road.

So wait. 1st. You take money from people. 2nd. Buy cars from them. 3rd. Destroy the cars so the people can not by them back. 4th. People go and buy any cars they choose, When most of the cars on US market are not made in US(My Chevrolet Cruze 2017 is made in Mexico)! WTH, Whose economy are you trying to stimulate! I do not need to research this. This would have been lobbied by Car Dealerships. Because of only stimulation this would cause would have been their pockets.

@TheAnantaSesa

6 жыл бұрын

No. They bought the cars w deficit spending so that future generations can pay either to buy back the bonds or suffer the spike in inflation that MMT promotes by saying gov can just mint more fiat cash to pay for all their stupid schemes. Keynesian economics is loads worse than trickle down theory.

@gman8230

4 жыл бұрын

Mikheil Ghvinianidze also the use car parts biz took a major hit, now people are forced to buy aftermarket parts from China. so I think china was in on this as well.

I thought you were going to hit that iroc with the sledge hammer. I would've freaked out

@michaelweizer7794

4 жыл бұрын

Freedom Inc, tell me about it so would I.!

A good argument plus a reason to destroy things with a sledgehammer. The perfect short video concept.

This program made it too ecpensive for me to buy a good used car while I was in high school

When Polosi opens her mouth: "this (destruction) could be good for a boom economy..." everything sounds so silly.

@boisegameshowguy

Жыл бұрын

Pelosi really wore out her welcome in her time in office. 😩

These clunkers that still on road today would go for $10,000 or more.

My older brother, when he was 16, got a job working at KFC and bought a working truck for $500. When I turned 16, the cheapest I could find a used car was $1,000. Nowadays you'd be lucky to find a working vehicle in my area for under $1,500. You probably won't find it on a car lot, so it'll be through a private seller, and even then there's usually something needs fixing with it.

My heart broke when you broke the guitars lol

@derekvillorente4334

6 жыл бұрын

Lou Fin A perfectly good guitar should never be destroyed to make a point.

Im crying when i see a nice Jeep CJ7 goin to waste for politics :( Ship it to me in Sweden and i take care of it ;)

@jeremyp5027

6 жыл бұрын

it should arrive in a very small box at your door soon, but i dont know how your going to unfold all the crushed parts

@TysonNeil

6 жыл бұрын

My CJ7 even though it's half apart will not see a crusher as long as I own it. Ditto my CJ5.

@eue073

6 жыл бұрын

Scrap CJ:s cost about $1000 + in Sweden... so there is money to be made mates :)

@werearethedreamteam3724

6 жыл бұрын

renault fyra good one..lol

@fairfaxblaster7703

5 жыл бұрын

Look at Consumer Reports. Their quality is SHIT and they are for asshole douchebags

cash for clunkers is a classic example of the broken window fallacy

Poor people and especially homeless trying to get back on their feet had no cars available for years. We used to find $500 running cars to get them to their new jobs and then this program put an end to that.

Stossel stumbled on the reason for propping up dictatorships. Then we can go in and rebuild after. A few companies benefit. Socialized costs and privatized profits....

John, good video. You forgot to mention the broken window fallacy by frederic bastiat, that would have sealed it for you. I guess one of your guests spoke about the seen and unseen, but didn't mention the source.

The whole thing was a joke. They trashed good vehicles that where better than anything I had owned my entire life to that point. I drove cheap used beaters for work commuter cars for 15 years prior to this (while wife was equipped with much nicer, but still used, vehicle for her / the kids) I never spent over 3K in auto auctions and got anywhere from 3 to 7 years out of them. In 09 I had about 400 K miles run up on my work ride and I went shopping to replace it. I could not find a single vehicle under 5K at an auction that was even worth attempting to drive. Nothing but rolling scrap metal and very, very, new (likely repos) way over my budget. I ended up being forced to buy a cheapo economy car brand new because of this cash for clunkers crap.

Not to mention how many priceless old cars were destroyed under this stupidity

it was stupid. I still drive a 1991 Mercury Grand Marquis GS. IF they hadn't destroyed so many "clunkers", there would be a lot of usable parts out there for my still-runs-good- car. There still may be. My reaction was just "Oh, no...you f-ing idiots!" on a side not the window regulators on my car have bit the dust. or, at least Car Doctor says they can't fix them.

hurt the used parts industry and being able to keep what is out their harder. cant mention that now can we. some of the older stuff means somthing to some people. its vintage. an ara. u fools

@avalsonline2

7 жыл бұрын

what good are those used parts when people do not have the money to buy them?

@gordomiguel1931

7 жыл бұрын

If they can't afford old used parts,they surely can't afford a new vehicle.

@avalsonline2

7 жыл бұрын

that is where the CASH for clunkers comes in. people did not need to spend it on new cars. as long as they spent the money somehow. that is the idea behind the program. cash to stimulate the local economy.

@MilwaukeeF40C

6 жыл бұрын

The rebate program required a purchase or five year lease of a new vehicle. The people utilizing the subsidy were mostly NOT the demographic of people that depend on used parts.

@bcubed72

6 жыл бұрын

_"The rebate program required a purchase or five year lease of a new vehicle. The people utilizing the subsidy were mostly NOT the demographic of people that depend on used parts."_ PRECISELY! Buying the affections of the middle class while "shafting" the working class. "New Liberalism" at its finest! +john doe, If you can't afford a $10 "side view mirror assy" at a "U-Pull-It" junkyard, how in the hell are you gonna afford a new car? C4C gets you a down payment...and 6 months later, the Repo Man comes calling.... ...oh, well. There's NOTHING new with "consumerism." What IS new is trying to "spin" it as a ecological godsend! Logically, about as absurd as GWB saying "keep America strong by going shopping" post-9/11.

You gave me Vsauce vibes when you were smashing that red car.

Stossel, admit it, this was the video you had the most fun making. Now I want to hit some stuff with a sledgehammer too!

Dumbest idea ever! I drive a 20 year old truck. Why? Because it's paid for. I drive a 17 year old car. Why? Because it's paid for. My house is paid off? Why? Because I drive vehicles that were paid off long ago. You wanna sell more American automobiles? Make them cheaper to buy! Wanna sell more homes? Make them cheaper to buy!

Democrats are so innovative,,, how have those Housing Project units in the inner cities worked out all these years?

That's kind of like saying "why don't you burn down your 1950 ranch-style house so that we can build a 2020 single-family home? it creates jobs?"

Businesses are only as sustainable as the *spending power* of consumers. Conjuring up erroneous expenses, hurt spending power.

Spend 4500$ to earn 1000$ logic of government

Thanks John!

@avalsonline2

7 жыл бұрын

john is lying to you

@Rights7

6 жыл бұрын

john doe lol your name is John. I bet you meant you.

"And some of the consequences ... I can live with". And the rest of us can get bent...

High school kids must of had a hard time buying a used car.

To this day, it has distorted the used car market, I can't afford to buy a 30K even with the subsidy. Junk became unaffordable. It was bullshit, and on top of that, the Feds had to go borrow the money how stupid do you really think we are! On the upside, I stayed out of debt of any kind. The last car I bought and financed was in 1991. I drove that car till 2010! These days there is a lot of worn out cars for sale, at half again what they are really worth. The 800 dollar car I bought last year was appraised for property taxes this year for 4000 dollars, you see the town needs money so they make up value. No wonder our money is worthless. Oh and the State is hard up for cash too, but I only paid sales tax on 800 dollars go figure.

@jeremyp5027

6 жыл бұрын

in japan they have a emissions law that when a car hits 30,000 miles they must replace the motor and most people just junk the car, and then these cars with 30,000 miles on them end up for sale for 2,000 dollars in other countries such as the philippines.

@GeorgeSemel

6 жыл бұрын

Well, how stupid is that 30000 miles are barely broken in. My guess even at 2K its a lot of money in the Philippines for most people. A friend of mine drives a Camry, He got over 400000 miles on it, and it just when thru emissions and passed with no problems. Good car. Of course, he takes care of it too. He figures that he will get another 5 to 10 more years out of it.

@GeorgeSemel

6 жыл бұрын

Yeah, he is in not too bad a shape considering how bad the economy has been the last 9 years or so. A lot of feel good stuff is just so waste full. When you get right down to it!