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Subject:Re: Casfor Clunkers
From:Loren Busch
Date:Tue, 23 Jun 2009 06:10:19 -0700

RE: Cash for Clunkers
Hmm, lets run through this.  If my daily driver is an '84 or later gas
guzzler that is 'worth' less than $4,500 (or I'd sell it myself) I can go
buy a new (must be new) Hyundai or Kia for around $12,000 and end up paying
only $7,500? Damn, the Koreans are going to love that. BUT, if I had the
cash or could afford the payments I probably wouldn't be driving a car worth
less than the rebate in the first place.  But better hurry, the offer will
be limited to a total payout of $1 billion dollars (chump change for this
Congress) so first pigs to the trough get the goodies.