07-21-2009, 07:23 PM
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#1
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I can hear my ears
Join Date: Oct 2003
Posts: 25,571
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Quote:
Originally Posted by sugarpop
I didn't go to the link yet to read it because I'm in a rush, but I watched the session in Congress on CSPAN when they first passed it in committee, and it is a bad bill. First of all, you have to buy a new car, you can't get a used one. Second, if you're getting rid of a gas guzzling SUV, you only have to buy a new one that gets ONE MORE MPG, and if it's a car, FOUR MORE MPG. That is seriously fucked up. If they were going to do it, it should have been for much better gas mileage, and you should be able to get a used car. This is just another giveaway to the auto companies.
Dianne Feinstein and Olympia Snow were working on a much better bill. I hope some of their ideas got incorporated into this one before it passed the full Congress.
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paraphrasing:
'i didn't read the link, but i DID want to misquote some information'
(mean comment deleted before posting)
Quote:
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The value of the credit for the purchase or lease of a new passenger car depends upon the difference between the combined fuel economy of the vehicle that is traded in and that of the new vehicle that is purchased or leased. If the new vehicle has a combined fuel economy that is at least 4, but less than 10, miles per gallon higher than the traded-in vehicle, the credit is $3,500. If the new vehicle has a combined fuel economy value that is at least 10 miles per gallon higher than the traded-in vehicle, the credit is $4,500.
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it really depends on what you think the objective of the action is. I think it will definitely stimulate some sales. it will have a minor positive effect on emissions, too. what is more important today?
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