Thursday, August 6, 2009

Cash For Clunkers in the Breakdown Lane

"The “buy American’’ provision was dropped because of opposition from foreign automakers and free-trade advocates, who said it would conflict with US obligations to the World Trade Organization."

Related:
A Clunker of an Insult

Americans Take a Clunk to the Head

You bought FOREIGN CARS, 'murka?
Because of quality, right?

"Non-US cars top ‘clunker’ sales list" by Angela Greiling Keane and Holly Rosenkrantz, Bloomberg News | August 5, 2009

WASHINGTON - Four of the top five models sold so far under the “cash for clunkers’’ program, aimed at boosting the auto industry, are made by foreign automakers, according to Transportation Department data....

Initial clunkers legislation sponsored by Representative Betty Sutton, an Ohio Democrat, would have barred discounts for new vehicles manufactured overseas and offered higher payments for cars and trucks produced in the United States than for those made in Canada and Mexico. The “buy American’’ provision was dropped because of opposition from foreign automakers and free-trade advocates, who said it would conflict with US obligations to the World Trade Organization.

Senate Majority Leader Harry Reid, a Nevada Democrat, said yesterday that the Senate will approve a measure this week adding $2 billion to keep the clunkers program going through this month....

Do you really want to go deeper into debt so you can pay more interest to usurious banks, America?

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