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Old 04-10-2009, 01:35 PM   #5
Teleplayer
 
Drives: 92 Bonnie SSEI - 2010 GT Soon
Join Date: Apr 2009
Location: Boston
Posts: 268
I'm surprised to hear the sentiment on this. To me it makes a lot of sense. Instead of giving billions to GM, they give it to us to buy new cars. How can that be not conducive to business? I don't understand the comment about gaining back $ they owe the dealerships. I have read that this has been done in Europe successfully.

And I don't buy the notion that everyone is going to trade in their 69 camaros and 65 mustangs to get the $5k. And even if they do, so what? People are throwing away all sorts of "vintage" items every day. It will make the ones that survive all that more valuable.

I have the feeling you would see mostly '93 luminas and other such crapcans being scrapped.

What am I missing here?
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