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August 18, 2009

Comments

Antacid

I had no idea that they were seizing the engines for that program. That's about the stupidest thing I've ever heard of.

I had heard on a radio broadcast that they were planning to sell the cars to scrapyards where the working parts would be sold to the public at a 90% discount off of the market rate for those parts.

So long auto parts industry! You'll be missed.

Antacid

Oh, and apparently the dealers aren't getting paid in a timely manner, causing cash flow problems for some:

http://www.newsobserver.com/news/story/1654639.html

Welcome to the C.A.R.S. breadline.

Inspector

Yep, it's pure destruction.

Oh, and the latest is that they've run out of money for it after spending 1.91 billion dollars. BILLION.

L-C

I sent a PM on the ole cap forum.

Phoroneus

A move designed only to pad sales for failing car companies to provide the illusion of "success" after government take over. Of course it won't last long enough to even create the impression of success and it doesn't change the fact that destruction of decently good property is not creation. Good grief.

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