The Gibbs Gaggle: Cash for Clunkers Continues
ABC NEWS' Yunji de Nies Reports:In his morning gaggle with the reporters, Press Secretary Robert Gibbs focused on the "Cash for Clunkers" program and the new GDP numbers."Cash for Clunkers" Continues"The administration and bipartisan leaders of Congress are working this morning to find and develop ways to continue to fund this program. The program is up and continuing to run," Gibbs said. He called it a success for car buyers, dealers, companies and taxpayers, "who are seeing people choose more fuel efficient cars."The bottom-line to consumers: "If you were planning on buying a car this weekend and using this program, this program continues to run. And if you meet the requirements for the program, the certificates will be honored." No word how long beyond this weekend it will continue — Gibbs said it depends on how much additional funding the government decides to authorize. Gibbs said there are roughly 20,000 certificates waiting to be processed – but could not definitively if the money is totally tapped out. "It's something we believe can, should and will be extended."So where is the new money going to come from? Gibbs offered no specifics. Would not say if stimulus, TARP, or an emergency supplemental would be possible options. GDP RevisionsGibbs showed us a chart with revised GDP figures from the Commerce Department and the CEA. "The first five quarters of the recession, GDP originally was believed to have contracted 2.2 percent, that contraction was revised downward to 3.5 percent," Gibbs said. "Our first mission in coming into office was to rescue the economy, to stop the slippage, to prevent it from going over the edge, we now know how much closer we were to the edge given the fact that we have a sense that the recession has been deeper than previously thought," he said. That's why today's reported 1% contraction he says, is actually relatively good news. "I think it's very likely that when we come here a week from today and talk about unemployment numbers, we'll see hundreds of thousands more jobs lost. But we're not going to get job growth unless or until we begin to see economic growth, and I think that shows you the degree to which today's numbers are positive," Gibbs said.
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Well, “Cash for Clunkers” has been a disaster after only ONE WEEK.
I’m sure Government run healthcare will work out just as splendidly.
“The first five quarters of the recession, GDP originally was believed to have contracted 2.2 percent, that contraction was revised downward to 3.5 percent.”
“That’s why today’s reported 1% contraction he says, is actually relatively good news.”
So the ecomony is still tanking–despite $800 Billion worth of stimulus–but it’s not falling off the cliff quite as quickly.
Posted by: carl | July 31, 2009, 11:01 am 11:01 am
Actually, the program is a comlete success. But, the prez had a $787 billion stimulus and only reserved $1 billion for us, the actual public. All 300 million of us get $1 billion and the big banks and Wall Street get the rest. This was the best consumer program of the stimulus and they underfunded it. The economy will rebound via we the people.
Posted by: lfrichar | July 31, 2009, 11:13 am 11:13 am
This is the gang that wants to put your private medical records online.
Posted by: drjohn | July 31, 2009, 11:24 am 11:24 am
Wow, Carl. A program that got 225,000 cars sold incredibly quickly and that car dealers are ecstatic about is a disaster? And you think that an improving GDP is an example of the economy tanking? I think you live in opposite world.
Posted by: Amy | July 31, 2009, 11:31 am 11:31 am
superior defect in execution reflects poorly on the administration.
But wait, what will the unintended consequences be of flooding the market with below cost cars?
Posted by: TB | July 31, 2009, 11:38 am 11:38 am
Posted by: Amy | Jul 31, 2009 11:31:42 AM
Don’t miss the forest for the trees. There will be bear market rallies alright, but the economy is tanking.
Posted by: Broke | July 31, 2009, 11:41 am 11:41 am
What kind of rebate do we get for turn-
in this Biden clunker?
Posted by: Trajan | July 31, 2009, 11:44 am 11:44 am
Posted by: TB | Jul 31, 2009 11:38:28 AM
What are the consequences of flooding the nation with piles of printed pieces of paper?
Posted by: Broke | July 31, 2009, 11:45 am 11:45 am
Actually, the program is a comlete success.
============
It’s definitely popular. The jury is still out whether it’s been a success financially.
Posted by: MayBee | July 31, 2009, 12:09 pm 12:09 pm
TB:”But wait, what will the unintended consequences be of flooding the market with below cost cars?”
You could ask that, or you could actually research history a bit and see this is hardly flooding nor an unusual program (France, Germany, Spain, Italy have all done about the same thing in the past).
Posted by: jhw539 | July 31, 2009, 12:11 pm 12:11 pm
“This is the gang that wants to put your private medical records online.
Posted by: drjohn | Jul 31, 2009 11:24:05 AM”
Republicans have the same idea genius.
Record modernization is seen as key by both sides to reducing costs.
From the 2008 GOP Platform on health care
“Advances in medical technology are revolutionizing medicine. Information technology is key to early detection and treatment of chronic disease as well as fetal care and health care in rural areas – especially where our growing wireless communications network is available. The simple step of modernizing recordkeeping will mean faster, more accurate treatment, fewer medical errors, and lower costs. Closing the health care information gap can reduce both under-utilization (the diabetic who forgets to refill an insulin prescription) and over-utilization (the patient who endures repetitive tests because providers have not shared test results).”
Posted by: Ryan C | July 31, 2009, 12:12 pm 12:12 pm
The program clearly is too generous. They should fund a second round, but reduce the incentives. If the taxpayer can get a gas hog off the road (improving everything from environmental concerns to the energy stability necessary for national security) for only $2,500 rather than $3,500 do it.
The market has spoken – $3,500 is far too generous. Reduce the incentive and increase the mpg improvement required on the next round and lets stretch our dollars a bit further.
Posted by: jhw539 | July 31, 2009, 12:13 pm 12:13 pm
–You could ask that, or you could actually research history a bit and see this is hardly flooding nor an unusual program (France, Germany, Spain, Italy have all done about the same thing in the past).–
Actually, “youths” burn the cars in France.
Posted by: Nach Paris! | July 31, 2009, 12:28 pm 12:28 pm
Posted by: jhw539 | Jul 31, 2009 12:13:48 PM
Agreed. At $2,500 the program will remain solvent for a week longer. Success!
Posted by: Win/Win | July 31, 2009, 12:33 pm 12:33 pm
Win/Win”Agreed. At $2,500 the program will remain solvent for a week longer. Success! ”
Not sure if you’re being sarcastic or not but yes, the objective of the program was for all the funding to be used. It running out of funding in a week is a good thing.
Perhaps they should set the program a $1,000 – the exact number isn’t as relevant as the fact the current one clearly is overpaying a bit. Not surprising considering that demand for big ticket items always starts to spike coming out of a recession (and most people with 401k’s have seen their net worth increase 25-40% since January).
Posted by: jhw539 | July 31, 2009, 12:41 pm 12:41 pm
(and most people with 401k’s have seen their net worth increase 25-40% since January).
================
Since January, sure.
Posted by: MayBee | July 31, 2009, 12:49 pm 12:49 pm
“Perhaps they should set the program a $1,000 – the exact number isn’t as relevant as the fact the current one clearly is overpaying a bit.”
Worthy of the WH’s view on spending. Of course we all know how the WH feels about reading stuff. More pictures!
Posted by: J. Conyers | July 31, 2009, 1:17 pm 1:17 pm
Sounds like the program is a huge success. Heavy subscibership from the public, new car sales, increased economic activity, reduced gas consumption, old vehicles coming off the road . . .and so on.
Posted by: danita | July 31, 2009, 1:22 pm 1:22 pm
“The simple step of modernizing recordkeeping will mean faster, more accurate treatment, fewer medical errors, and lower costs.”
———————————-
Here is the most clueless statement of the day…Very Good Ryan.
How many doctors offices, hospitals, physical therapy facitlities, dentists, eye doctors, school medical facilities, etc do you think there are in the country?
300+ Million people and you have the stupidity to think that collecting medical histories from literally hundreds of various manual & electronic filling systems is going to be “simple”.
If we ever do make that move, I want to submit a bid for a piece of that action. One thing is for sure, do that WILL create jobs in the IT and data conversion arenas. It most certainly will not be simple at all. It will take years and cost billions to actually complete that task. Savings will be well down the road, not anywhere in the immediate future.
Also, every medical facility in the country will have to update their own systems in order to be compliant with whatever the end user interface will be.
That means an investment by everyone in the system in terms of hardware, software & training.
There will also be a very vocal minority opposed to the govt controlling that much personal info too.
The ACLU will be right on top of that one.
It will mean your entire history will available to anyone woh could possibly treat you for anything anywhere in the country. (whatever access protections get put in place, must be easily overridden for ER personel and Paramedics to make sure they handle you correctly and accurately.)
I have no issue with us moving to this kind of system, I am just much more realistic about what it takes to accomplish this task and when savings are really going to come about from this.
Posted by: Mike_C | July 31, 2009, 1:25 pm 1:25 pm
Seeing perfectly good cars being trashed seems like such a waste.
It’s like throwing away food that hasn’t even been touched.
Can you imagine all the people that would love to have those cars?
It doesn’t seem right.
Posted by: bailey | July 31, 2009, 1:37 pm 1:37 pm
“Here is the most clueless statement of the day…Very Good Ryan.”
The 2008 GOP platform is the most clueless statement of the day?
Posted by: Ryan C | July 31, 2009, 1:40 pm 1:40 pm
Gee this is totally shocking development.
Politico:
“A DC-based lobbying firm specializing in organizing “grassroots” and “minority” efforts for big business has fired an employee who reportedly forged anti-climate change letters using the names of fictitious officials at real Hispanic and black groups, according to Charlottesville (Va.) Daily Progress.
It’s a crazy story — and what that gives Democrats ammo going into the recess.
The firm, run by Jack Bonner, a former RNC official and aide to late Sen. John Heinz (R-Penn.), has represented the energy and coal industries in the past.”
The Republicans take astroturfing to a whole new level.
Posted by: Ryan C | July 31, 2009, 1:41 pm 1:41 pm
Another bottom-line: Republicans and the press are bashing Obama because a program worked.
Posted by: Matt | July 31, 2009, 1:42 pm 1:42 pm
Posted by: Ryan C | Jul 31, 2009 1:41:59 PM
And Chris Dodd is in the pay of AIG. I’m not sure what your point is.
Posted by: Chang | July 31, 2009, 1:51 pm 1:51 pm
Let’s see – the dems fund a program for 95 days that runs out of money in 4 days. And these are the same people who want to manage 1/5th of the economy.
SCARY
Posted by: Plumber | July 31, 2009, 1:52 pm 1:52 pm
“Another bottom-line: Republicans and the press are bashing Obama because a program worked.”
Where is all this bashing? Can you provide an example?
Posted by: Broke | July 31, 2009, 1:53 pm 1:53 pm
“Posted by: Chang | Jul 31, 2009 1:51:05 PM”
So you have no problem with a lobbying firm faking letters from minority organizations sent to Congressman?
And people scoff at my fav tagline.
The lesson as always? Right wingers lie.
Posted by: Ryan C | July 31, 2009, 1:55 pm 1:55 pm
This equates to essentially the government buying influence. The cars didn’t suddenly get better at these dealerships. They are the same cars that caused GM and Chrysler to go broke. Government gives everyone cash towards one of these cars and of course people are going to think its great.
Just keep in mind that its OUR money, tax payer money, not some magical pot of money the government conjurs up.
And I doubt it has much of an environmental impact at all. There is, or at least was, little to no requirement to what it could be used for. A guy on the local radio here traded in a 3/4 ton truck for another 3/4 ton truck. Gas mileage increase was nominal, but he got 4500 off a new truck! Yay, who wouldn’t be happy about that?
Seems cheesey that the government is buying our favor.
The failure of democracy will be when the people realize they can vote themselves public funds. This is a clear example, as is health care and every other promise of social “justice”. Personally, I think its wrong and demeaning to us all.
Posted by: KR | July 31, 2009, 1:57 pm 1:57 pm
I hope the program isn’t limited
to Auto Sales.
Can we trade Joe Biden, Nancy Pelosi,
Harry Reid, Barney Frank, and Chris
Dodd in as “Clunkers” and get
something of value in return? LOL!
Posted by: reaganfan | July 31, 2009, 1:57 pm 1:57 pm
“The lesson as always? Right wingers lie.”
Where’s the lie about Chriss Dodd? How do you know I’m “right-wing?”
Posted by: Chang | July 31, 2009, 1:58 pm 1:58 pm
“Let’s see – the dems fund a program for 95 days that runs out of money in 4 days.”
Politico: “One Michigan Republican, Congresswoman Candice Miller, has already come out in favor of extending the program, saying in a statement: “There can be no doubt that the Cash for Clunkers program is a complete success given the fact that the entire $1 billion allocated to the program was expended in less than a week.”
She called the program “simply the most stimulative $1 billion the federal government has spent during the entire economic downturn.”
Posted by: Ryan C | July 31, 2009, 2:00 pm 2:00 pm
–Politico: “One Michigan Republican, Congresswoman Candice Miller…–
Now why would a rep from Michigan think this is a great idea? Guess we’ll never know…
Posted by: Twin V | July 31, 2009, 2:02 pm 2:02 pm
She called the program “simply the most stimulative $1 billion the federal government has spent during the entire economic downturn.”
And the rest of it? I wonder if the guys at Goldman Sachs are taking advantage of this plan?
Posted by: Broke | July 31, 2009, 2:03 pm 2:03 pm
House approves another $2B for “cash for clunkers”?!?! Why am I paying for people to buy new cars from failed auto companies that we now own as taxpayers?
Posted by: Mike in Costa Mesa | July 31, 2009, 2:06 pm 2:06 pm
“Now why would a rep from Michigan think this is a great idea? Guess we’ll never know…”
Because she care about her constituents?
Strange for a Republican to actually do so I know but there she is.
Posted by: Ryan C | July 31, 2009, 2:06 pm 2:06 pm
I wonder if they know which auto company benefited the most from the program?
Posted by: Axey | July 31, 2009, 2:06 pm 2:06 pm
Now we have definitive proof of the stupidity of Republicans.
“The survey of American adults asked, “Do you believe that Barack Obama was born in the United States of America or not?” It found that 77% of Americans answer affirmatively, 11% say “no,” with the balance unsure.
Party-line breakdowns: Dems 93/4/3 (the last figure is “don’t know”), Indies 83/8/9, and GOP … 42/28/30.”
Posted by: Ryan C | July 31, 2009, 2:10 pm 2:10 pm
A lobbyist lying? Say it isn’t true!
Are we going to scrub all of the lies from all of the lobbyists, to include shotty studies from environmental lobbyists, etc, etc?
Of course not. We’ll cherry pick the ones that support our political thinking and ignore those that don’t. Imagine that in American politics? Say it isn’t so!
Or a representative from Michigan supporting a government hand out for people to buy cars?!? Say it isn’t so!
None of it means anything, except that politicians suck, from both sides.
Posted by: KR | July 31, 2009, 2:12 pm 2:12 pm
“”The survey of American adults asked, “Do you believe that Barack Obama was born in the United States of America or not?” It found that 77% of Americans answer affirmatively, 11% say “no,” with the balance unsure.”
And a poll in 1987 showed around 30% of Americans believed the US government created aids to eliminate black people. A fabrication spread by the Soviet Union in 1984, and even admitted to it in 1992. A poll in the 90′s showed 15% still beleived it. I don’t remember if it was broken out by party lines, but I’d bet you money that vast majority of them were Democrats.
Whats the point?
Posted by: KR | July 31, 2009, 2:15 pm 2:15 pm
“A lobbyist lying? Say it isn’t true!”
The projection and rationalization are quite amusing.
Posted by: Ryan C | July 31, 2009, 2:21 pm 2:21 pm
“I wonder if they know which auto company benefited the most from the program?”
_______________________________________
One would hope the companies making the most attractive, functional, energy-efficient, economical vehicles. Good question.
Posted by: danita | July 31, 2009, 2:23 pm 2:23 pm
“The projection and rationalization are quite amusing.”
When did lobbyists become beacons of honesty? Please do tell? Are you “projecting” that lobbyist working for Obama good, lobbyist working for Energy very, very, baaad.
Give me a break from the hypocracy. When Obama was appointing lobbyists, there were streams of left posts about how lobbyists are good and do good things. The rationalization of that was quite comical.
Either you disapprove of lobbyists because they do lie to promote their cause, and condemn them in the cabinet of the President as well as when they are caught in their lies, or you don’t. Pick one and try sticking with it.
Posted by: KR | July 31, 2009, 2:26 pm 2:26 pm
“And a poll in 1987 showed around 30% of Americans believed the US government created aids to eliminate black people. A fabrication spread by the Soviet Union in 1984, and even admitted to it in 1992. A poll in the 90′s showed 15% still beleived it. I don’t remember if it was broken out by party lines, but I’d bet you money that vast majority of them were Democrats.”
10% of the American people will believe any crazy thing you ask them so the overall results were unsurprising.
But 28% of Republicans polled answered no with another 30% unsure.
Given the interviews with GOP Congressman it would seem the party has been encouraging the birther nonsense on a less visibile level.
Kind of like the GOP organizer who told his canavssers to associate Obama with Osama Bin Laden.
I used to just think it was the crazies in the base but now it seems the party itself is just unhinged.
Posted by: Ryan C | July 31, 2009, 2:26 pm 2:26 pm
“When did lobbyists become beacons of honesty? Please do tell? Are you “projecting” that lobbyist working for Obama good, lobbyist working for Energy very, very, baaad.”
No, I am saying a lobbyist faking letters to Congress from organizations is very wrong. Its a dishonesty that taints communication between constituent and Representative.
You seem to feel otherwise as you excuse it as everybody does.
Could it be because the firm is run by Republicans?
Posted by: Ryan C | July 31, 2009, 2:28 pm 2:28 pm
“I used to just think it was the crazies in the base but now it seems the party itself is just unhinged.”
That road goes both ways. One person from one party thinks half from the other is unhinged as well, down a range of issues.
One man who thinks with efficiency and results in mind, will believe that another man who thinks with emotion and compassion as unhinged from reality, and vice versa.
Posted by: KR | July 31, 2009, 2:31 pm 2:31 pm
“The simple step of modernizing recordkeeping will mean faster, more accurate treatment, fewer medical errors, and lower costs.”
__________________________________
Just got back from my HMO. Had my annual physical. For the first time since I’ve been going there, they were using an IBM Thinkpad. The PA updated my record – even though I sat in the waiting room and filled out my usual annual information update.
Then the doc came in and started using the laptop. It hung up once and he had to close all programs and log back in through 3 firewalls. It was a complete distraction for him, but he said “we gotta do it.” The screens on the old ThinkPad are horrible – I know – I use one all day. So he was squinting to see it. The nurse forgot to order my labs so she had to come back and do that.
I found the whole thing amusing. I spent most of the time looking at the big poster on the wall with the clean-cut young female doctor with some space-age computing device and a stylus – with the info about Electronic Health Records.
I guess there are still a few bugs to work out. Hopefully, the government won’t stand in the way of new developments in technology.
Posted by: Traffic Cop Timmy | July 31, 2009, 2:37 pm 2:37 pm
“No, I am saying a lobbyist faking letters to Congress from organizations is very wrong. Its a dishonesty that taints communication between constituent and Representative.
You seem to feel otherwise as you excuse it as everybody does.
Could it be because the firm is run by Republicans?”
I don’t differentiate between party lines because by doing that, you taint your own views and perspectives. I cannot excuse in my mind a lobbyist being on the cabinet of our white house, and then condemn the other party for having a lobbyist do something dishonest and/or wrong. To me, they are cut from the same cloth, regardless of party affiliation. They are professional influencers, propaganda artists, bribers, you name it.
So I treat them all equally, not forgetting that it happens on both sides. There has been some seriously shady environmental things going on with this cap and trade thing by environment lobbyists trying to counter the economic experts on its impact. It also boils down to lies and blatant omission of facts, much like the omission of water vapor from carbon dioxide studies (which also btw, CO2 does NOT trap IR energy from the atmosphere, which helps cool the earth).
It’s all just too stupid to talk about. If our representatives can’t take the time to learn about an issue they are going to vote on, and rely on the lobbyists to inform them, then we are completely screwed.
Posted by: KR | July 31, 2009, 2:38 pm 2:38 pm
“…with the clean-cut young female doctor…”
Now let’s get to the important part. Was she cute?
Posted by: Playa | July 31, 2009, 2:47 pm 2:47 pm
re: Kash4Klunkers
- Taxpayers paid for it along with the interest on what is now several billion dollars; it’s not free money
- Many environmentalists were agaisnt it becuase you could still but big SUVs, even Hummers, which leads me to believe the backroom discussions were nefarious; the net effect on the environment may be insignificant
- The jury is still out on if people with better gas mileage cars may drive more; the net effect on the environment may be insignificant
- Obama said he would not interfere with day-to-day operations but this program does exactly that
- The EPA has changed which cars qualify and some people were asked to return their new car which no longer qualified
- How much overhead is created and where does that expense come from?
- Why does Michelle Obama need a staff of 22?
Posted by: Traffic Cop Timmy | July 31, 2009, 2:50 pm 2:50 pm
“…with the clean-cut young female doctor…”
Now let’s get to the important part. Was she cute?
Posted by: Playa | Jul 31, 2009 2:47:45 PM
____________________________________
She was fairly one-dimensional. I was talking about the doctor on the poster (in case you didn’t catch it) ;-)
Posted by: Traffic Cop Timmy | July 31, 2009, 2:53 pm 2:53 pm
–She was fairly one-dimensional. I was talking about the doctor on the poster (in case you didn’t catch it) ;-)–
Nope, right over my head the first time, but I’ve had a few double gin and tonics already, so I’m blaming the bottle. But the comment about her being 1 dimensional was good. Reminds me of my ex GF…personality wise, mind you.
Posted by: Playa | July 31, 2009, 3:20 pm 3:20 pm
Ryan,
It there any particular reason why you didnt mention the fact your deeply informative pool was paid for by the DailyKOS?
Yeah, All of America is standing up and taking ANYTHING from that extreme far left-wing site as the “Truth”!
You go right on quoting them. It will you out with your “credibility”…. LOL !!!!
ONCE AGAIN…Liberals dont lie….they just FORGET the TRUTH!
Posted by: Mike_C | July 31, 2009, 3:30 pm 3:30 pm
And we expect the crowd that can’t run THIS program to run healthcare? No thanks!
Posted by: Beth | July 31, 2009, 4:29 pm 4:29 pm
Credit to Jim Geraghty: “Cash for Clunkers” may have run out of money months before the program was supposed to expire, but don’t worry; I’m sure the cost projections for the health-care bill will turn out to be much more accurate.
The government is giving people $4,500 — a tax cut, in effect — and they’re going out and investing it in the economy. “Shocking. Maybe the President should invite these Democrats over for a beer for another teaching moment.”
Posted by: Mike in Costa Mesa | July 31, 2009, 4:44 pm 4:44 pm
Sounds like the program is a huge success. Heavy subscibership from the public, new car sales, increased economic activity, reduced gas consumption, old vehicles coming off the road . . .and so on.
Posted by: danita | July 31, 2009, 5:22 pm 5:22 pm
The point is, give people incentives (like tax cuts and subsidies) to make investments in their economy and they will. This is a superior approach to RAISING taxes and expecting the government to make the correct decisions on our behalf with that money. Reduce taxes on the behavior you want to encourage…increase taxes on the behavior you want to encourage. This is pretty rudimentary economics.
Posted by: Mike in Costa Mesa | July 31, 2009, 5:29 pm 5:29 pm
“It there any particular reason why you didnt mention the fact your deeply informative pool was paid for by the DailyKOS?”
Yes it was paid for by Daily Kos and conducted by Research 2000.
From Allahpundit at HotAir
“On the one hand, the poll was sponsored by … Daily Kos. On the other hand, Research 2000 is a reputable pollster as far as I know and the way they posed the question wasn’t slanted.”
Some of the GOP is recognizing the danger.
Others are immersing themselves in the crazy.
Posted by: Ryan C | July 31, 2009, 6:15 pm 6:15 pm
If some one needs to be updated with latest technologies then he must be visit this website and be up to date everyday.
Posted by: Thomasena Gallipo | November 22, 2011, 7:12 pm 7:12 pm