SOURCE And so, (as one would expect) the "cash for clunkers" program is a logistical mess. Dealers are confused. The website that tells sellers what's available keeps crashing. Rendering the cars undriveable (a requirement of the plan) is wasteful and might create more environmental problems than simply letting the clunkers keep on driving. Excerpts: ****** OK, so that's the article. Below are my thoughts: So, let's see what this "Stroke of genius" program is doing and will do: We must keep in mind: this is taxpayer money. In other words, you and I are helping people buy a new car. This is simply wrong. I've bought ten cars in my life. My aunt helped me a little with one. The government, none. And, because I believe in self-sufficiency, and because it offends me personally to be buying cars for others with money I need...I refuse to participate. What a stupid use of our hard-earned dollars. This program will hurt the poor. My father has been in this business for nearly fifty years, and so this point does come with a modicum of expertise. The priced of used/remanned engines will skyrocket. Laws of scarcity. Since it is mandated by Those Who Know Best For Us that these "clunker" engines must be destroyed...fewer engines are available to be reconditioned and sold. Thus, with supply scarce...up goes the price. And those who need this--the poor who can't buy a new car but could possibly afford a used one, or a "new" engine--are left high and dry. Remember what happened with housing--the beginning of the crash? The banks lent to too many people who shouldn't have received a loan. Well...here we go again. Scores of people are getting cars who really can't afford it. How long until defaults begin to mess up GMAC and their fellow organizations? Remember...this is a government program. Thus, it is proving to be slow in repayment, inefficient, and confusing (surprise, surprise). Dealers, with a razor-thin margin anyway, coming off a big recession, and with some now technically being arms of the government and unions (Government Motors, anyone)...they can't afford to wait the weeks and months for the "clunker" repayments. But guess what? It's government, so it's happening exactly that way. These dealerships can't afford a cash-flow problem...but that's what they're going to get. Boy, socialism and entitlement-ism is lots of fun...until the details come out. Now THAT'S a clunker.