I don't know how conservatives can be for this program. It's welfare. It's not creating jobs, despite what Congressman Upton (R-MI) says. It is simply finally getting cars off the overstocked lots of dealerships around the country.
Since when has it been conservative, much less right, to encourage someone who probably should not be buying a car to go into debt? If it isn't welfare for the government to subsidize as much as 1/4 of the cost of a new car, what is? Is it only welfare when it goes to food stamps? And since the federal government is going to be handing money out, how about if they give me a $200 rebate for my old worthless TV? I mean, c'mon, they are the reason we had to buy the new one in the first place. Cash for CRTs!
And what about us guys who bought cars last year? The principle still stands-I want my $4500! And what about the stimulus funds underwriting new home sales? I want my $5000 for that too! I guess we're being penalized for being prudent. Heck of a concept. I'd rather be giving my tax dollars to someone who needs it for food or clothing than folks who continue in a false standard of living by debt.
As a nation, we have so screwed up our bearings of what it means to be a fiscally conservative. The enconomy is burdened down by bad debt and health care costs and the federal government's (both R's and D's) response is to have people spend more money they don't have. And it goes back to who really runs Congress....lobbyists.
Capitalism without moral consciousness is a disaster now on our nation's threshold.