Cash for clunkers boost Japanese car sales dealers still not paid,big mistake

happy_phantom, Part of the problem car makers have is the government regulations from fuel economy to emissions and many other regulations. Also when times were good the unions took advantage of the company with their high wages and outrageous benefit plans.I'm sure the management made some mistakes also.Most of the foreign companies are doing better because they operate in right to work states.Their labor costs are MUCH LOWER.

I'll agree that the government has regulations that makes things difficult for vehicle companies, but all the companies have to follow those regulations, at least in so far as things like emissions and fuel economy, but that still leaves other US companies. Ford, Dodge and Chevrolet are the companies that come to mind. I'm not not sure on the last two but I know that Ford's previous year's profit was comparable to Toyota.

If other US car manufactures aren't going under, that brings up the question of why GM did. They made bad decisions, the unions took advantage of them, whatever the reason the choice was still that of GM's management.

The big problem is that once the government helps one company, then should they not help the next? Why GM, but not, for example, Chevrolet? We now also have what should be a private company in the pocket of the government. In the end that smacks of socialism. The competitive market is what makes a free market thrive. Where's the competition when companies stay in the game after they've lost?

Now I'm going to be paying taxes, in part, to keep a car manufacture up and running that I've never cared for, never used and never plan to. I'm sorry, but it's just another thing that I can't stand about this whole debacle.

As for the Cash-for-clunkers, that's to get cars that don't follow current regulations off the road. For environmental reasons I think it's important no matter where the people choose to spend that cash. Another point is that Toyota is building a manufacturing plant in Texas, maybe elsewhere as well, so even if it's a foreign company that doesn't mean they don't have US workers. That goes for dealerships too. Not all that money goes overseas.

happy_phantom, I agree with everything your saying. One of the dumbest things that was done was giving the UAW part ownership in GM and Chrysler. Talk about putting the fox in charge of the hen house!! I predict both of these Co's will keep losing money and keep getting bailed out.

Pay the dealers for what?

The dealers pay the people for the car, if it qualifies, and the dealers get the money from the government, because the government is the one that wants cars that don't follow regulations off the road.

Where does the government get the money to pay the dealers?

My hubby's co-worker has been trying to buy a new car under cash for clunkers program for day's the dealership tells him the deal can't be processed because the government has not paid them for car's already sold under the cash for clunkers program.
The dealership say when this started the government promised no more then ten day's to get there money but it has been 3 week's the dealers have not been paid.
Good question this counties treasury is flat busted they have been printing money for months and our kid's and grand kid's will be stuck with so far more then a trillion dollar debt since the first so called black man has been elected president of the United States,one trillion dollars in his first weeks in office,he has spend more then all the presidents put together from Geo Washington to Geo W. Bush.
Cash for clunkers was just another on the list of dam bad mistakes made by Barack Obama and his Chicago thugs,40 illegal czars he has appointed to high places in Washington D.C.
The big picture is their plan going in was to bankrupted the United States that alone put the county under submission,we are sitting ducks in the water,if they pass the government controlled health care millions with out question will be left to die can't give quality health care to 350 million people under the public plan can't be done.

Kennyrose.... have they destroyed the cars yet??? what makes me made is I noticed some really nice cars that some people could be wanted the parts off of and that sort of thing. I know a lady who says her 85 year old sister tried to turn her car into cash for clunkers it was a 1980 something I don't know what with high mileage that sucked a lot of gas... and she was refused, I don't know if they just didn't want to take any more clunker deals or what.

Can we all agree our government can't run anything?