Too Much of a Good Thing?

" The Senate this week injecting another two billion dollars in the cash for clunkers program but get this a group of private dealerships are now offering their own incentives some. Up to that same 4500 dollar mark his Republican senator Jim dement. Had to say about that quoted the auto industry can afford their own 4500 dollar per car -- a stimulus. Why are taxpayers being forced to put that three billion dollar bill on clockers."

" Here now is Tom Jackson president of Citizens Against Government Waste that's an excellent question Tom. I thought that dealers. Were in big trouble there were closing. All over the country how can they suddenly afford to offer their own incentives."

" Of course not every dealer is closing a lot of these dealers are larger dealerships they have different companies that. They sell for and therefore they're in better financial shape some money might have closed -- Chrysler dealership but they have other dealerships of their pooling money. As they should in the private sector to provide these deals and by the way they're not destroying the cars that come in they're reselling them because the bailout. That part of this with a three billion dollars goes. To the dealers and then they destroy the cars so the taxpayers of course are getting zero back on that. The deal is this part of another wanna get something out of that 4500 dollars or providing for someone buying a new car which is an old car they can resell."

" So this program is something we should in some ways is celebrated they're not destroy these automobiles and putting them back on the streets which. Ultimately doesn't waste all the parts of these cars and and this is requiring no taxpayer dollars so. Why should we be against this."

" Well when I was certainly for the private dealerships and by the way the 4500 dollars -- the federal level. There's probably more like 6000 dollars because there's three new divisions at the Department of Transportation. Eighty leased new employees to administer this program has all kinds of paperwork that's funny pages some dealerships have. Made the deals and haven't gotten a penny from the federal government right now which may be another reason they're looking around and saying wait a second. We wanna do this ourselves to make sure we get this money."

" Yeah tattered Norton one of the motivations I think of the government which was to make this a more environmentally conscious program to take big gas guzzlers. Off the streets and to improve enough fuel efficient say. -- that."

" Naturally comes when somebody sells a used car anyway anything that's older than a few years will not have the mileage of the new car. But some of those cars convene. Done in a way that will increase their fuel efficiency even though they're used cars. And if somebody wants a new car that's more fuel efficient they certainly have a lot of opportunities to do that but let's remember again on the broader perspective. -- 110 billion dollars going to the auto industry as a whole seven billion GM AC. Seven million Chrysler will never get back fifteen billion to GM before went bankrupt we'll probably never see that. So what point do you say enough of the taxpayers' money into the auto industry."

" Well it's a good question I know these auto makers wanna pay back that money they wanna pay back soon because they're paying a lot of interest on it so. Who one might say that they will pay it back in the next couple years if they can't Tom Schatz of Citizens Against Government Waste we appreciate it."