Repomans Dream Cash For Clunkers.

Does any one remember what caused the econmic down turn to our economy?

The one catapulting issue that created many to become homeless?

It was the housing market and
It was government forcing loans on companies.

It forced people into debit and forced financial companies to take a beating.

Now the United states government crated a short lived program simply called “Cash for Clunkers” take your older car that is no older then 83 trade it in and receive $3500 to $4500 for your ‘clunker’ to buy another new car.

To purcase a new car, go into debit and stimulate the car industry.

Foxnews ticker reported 500,000 new cars were purchased under this program.

What was missed in the clunker issue is the new debit that these people are now in and now have a added payment to a already struggling American economy and it struggles because of government.

In months to come next year the repo man will be the one making money because people will lose their cars as people lost their home because of government interference.

So in the short term the “Cash for Clunkers” was a good idea and the car companies will report record sales during the struggling economy however remove the smoke and mirrors the car companies sales are inflated and will lose out as people will lose their autos next year.

The repo man cometh and your so called credit score goes into the toilet.