As Cash For Clunkers Trades Pile-Up at the Junk Yards, Meet "Cash For Appliances." You Asked For It? You Got It. Toyota!

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Sun, 10/25/2009 - 09:12 | 109945 Cheeky Bastard
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And for our next government program, we are going to

















buy the moon ...

Sun, 10/25/2009 - 09:24 | 109951 Cursive
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They'd never propose buying the moon.  The moon could be a vital new source of metals and minerals.  Therefore, its purchase would represent something of lasting value.  Such an expenditure for valuable raw materials would never be allowed.  Alaska is so 19-th century.  Entitlements and Chinese-sourced trinkets are so 21st-century. 

Sun, 10/25/2009 - 09:33 | 109956 Cheeky Bastard
Cheeky Bastard's picture

you actually make a good point .... the government doesn't like its ROI to be positive .... so yeah .... screw the moon .... buy Mercury ....

Sun, 10/25/2009 - 11:54 | 110003 Sqworl
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More TARP money for GE...everything made outside the US and they pay no taxes...Unfecking believable!!!

Sun, 10/25/2009 - 09:21 | 109949 deadhead
deadhead's picture

I don't know about buying it, but the usa just bombed it!



Sun, 10/25/2009 - 10:17 | 109966 whoopsing
whoopsing's picture

Still no new's about definate H2O...Hmm

Sun, 10/25/2009 - 22:36 | 110352 torabora
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Sun, 10/25/2009 - 09:29 | 109953 Anonymous
Anonymous's picture

We are hanging onto our old Appliances (14+ years old) because they work, paid for and nothing wrong with them.

We dont think the amount of savings will be worth it.

It's a wash.

Finally but not last, how many kilowatts are we gonna use per month with the most frugal appliances versus the monsters we are running now. You tell me where the savings are. Especially living under threat of cap and trade.

Sun, 10/25/2009 - 12:11 | 110012 Anonymous
Anonymous's picture

We actually saved a lot of money when we replaced our air conditioner unit in Florida. Our electric bill was cut in half.....

Sun, 10/25/2009 - 13:32 | 110045 Anonymous
Anonymous's picture

Not only are the operating savings small, but they are probably eaten up by the huge cost of transporting, disassembling, and shredding the old cars, not to mention the hazardous waste problems. Those big hydraulic shredders don't run on solar power, you know.

Sun, 10/25/2009 - 09:37 | 109958 geopol
geopol's picture

In the interest of eugenics.. CFW= Cash for wives.

Sun, 10/25/2009 - 09:41 | 109959 E pluribus unum
E pluribus unum's picture

Cash for boners - get a $5 rebate for every hard-on you get. To ensure that it is a government program, you can only jerk off with it.

Sun, 10/25/2009 - 10:00 | 109960 glenlloyd
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How is it that we can be blessed with so many idiots....I just don't understand how anyone can believe that these short term initiatives do any good. In the end you're right back where you started but you've spent a bunch of money giving out subsidies to people who likely didn't really need appliances to begin with.

I am so not impressed with the losers who come up with this shit.

Sun, 10/25/2009 - 10:47 | 109970 geopol
geopol's picture

You just don't understand modern economics,,


Small illustration: Let's use a billion dollars shall we, we as citizens give the government a billion to build a highway, make it an interstate. The cost analysis brings the project number to approximately 800 million. Now where talking, I see a 200 million dollar savings. Keep in mind this is the quote from the contractor Perini Corp. As we examine the counter party risk in additional cost due to the fact that this road traverses several townships. Town A 100,000 building inspector bribe. Kickback to the selectmen, five in all "tie breakers" 50,000.00 each. This gets repeated twenty times with varying success. Total 7,000.000. This money is being released on an sub project complete basis. Federal graft, waste= 470 million.

So as you can see by doing some elementary math the definition of this project could be described as "Giving youself a blood transfusion with 50% of it falling on the ground.


I hope this clears it up...



Sun, 10/25/2009 - 10:10 | 109964 Anonymous
Anonymous's picture

BO plans on installing used appliances in all his newly purchased through the Fed rental property. You didn't get the memo?

Sun, 10/25/2009 - 10:24 | 109969 Daedal
Daedal's picture

Best of all, the used appliances and cars get destroyed instead of being donated. Thanks, Obama, for 'saving' the planet and fucking over the poor -- all at the tax payer expense. Genius.

Sun, 10/25/2009 - 10:27 | 109971 geopol
geopol's picture

You sound bitter,,,

Whats wrong with all those poor stiffs going into debt. VELOCITY OF MONEY BOY, VELOCITY OF MONEY

Sun, 10/25/2009 - 10:34 | 109973 Daedal
Daedal's picture

You mean velocity of debt? ;-p. Believe it or not, I was referring to the poor that would be receiving the appliances and cars, not the poor that will be buying them. Though, these days, I suppose the distinction is non-existant.

Sun, 10/25/2009 - 10:59 | 109983 Racer
Racer's picture

The only people to benefit will be those who could have afforded it anyway and more than likely just brought forward their purchases! So overall, no benefit, just like the bridges to nowhere effect in Japan.


Sun, 10/25/2009 - 22:49 | 110362 torabora
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By denying the poor used cars, BarriO is putting them back on their feet and into public transportation. Remember, it sucks to not have money.

Mon, 10/26/2009 - 01:54 | 110440 Anonymous
Anonymous's picture

It's the Obama two-step. Enrich the plutocrats while impoverishing everyone else to keep them dependent on government.

Sun, 10/25/2009 - 10:33 | 109972 jefftheshark
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For politicos, "Cash for Appliances" is the natural consequence to years of unsuccessfully trying to implement their "Cash for Hookers" Program.


If the trickle down benefits of prostitution had only been properly explained to the masses, we would have seen how far Elliot Spitzer was actually ahead of the curve in stimulating the economy.



Sun, 10/25/2009 - 10:40 | 109978 geopol
geopol's picture

Thaks for the tip,,, I'm running for office, on the cunnilingus ticket..

Sun, 10/25/2009 - 12:40 | 110030 Anonymous
Anonymous's picture

Well, I think you have it licked!

Sun, 10/25/2009 - 23:55 | 110397 geopol
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Ya don't say??

Sun, 10/25/2009 - 10:38 | 109975 Daedal
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"President Obama announced he wants to give every senior citizen $250 next year. This is part of his 'Cash for Geezers' program." --Jay Leno (Oct 19, 2009)

Sun, 10/25/2009 - 10:56 | 109981 Racer
Racer's picture

How many years are people going to have to wait before their extra money they have handed out so they could save more on electricity and water bills before they will see a return? and what about all the extra water, electricity it cost to produce those new goods in the first place? Add that into it and I would suggest that it is far more green and cost efficient to just keep the old one!!

Sun, 10/25/2009 - 11:30 | 109993 Anonymous
Anonymous's picture

Depends on how old your appliances are, especially refrigerators. Refrigerators doubled in efficiency around 1981 and then doubled again in the 90's, I believe. We've been living for 7 years in a 1928 Boston apartment that was converted to condo circa 1978. I just figured out a couple weeks ago that our perfectly fine frost-free Whirlpool fridge dates from 1979 and has been costing about $500/year in electricity to run, a full 50 per cent of our total electric bill. In hindsight I should have replaced it 7 years ago and would have been way ahead by now.

Sun, 10/25/2009 - 18:11 | 110193 Anonymous
Anonymous's picture

problem is you are assuming -- that the poor can afford electricity at all-- some need all the money to go for food -- NOT the energy efficient fridge with ice dispenser!!

people who can not afford food are the ones that need help!!! they will not be buying the new fridge

again the people who are being helped here are not the ones that need help!!!

Sun, 10/25/2009 - 11:04 | 109985 alien-IQ
alien-IQ's picture

Just another small step on the road to mandatory Gaia Worship.

Sun, 10/25/2009 - 14:32 | 110069 Marley
Marley's picture

As opposed to mandatory Xtrian, Islamic, Buda, or Hindu worship?  My personal favorite is Fauna; Goddes of fertility.  Fauna festivals are fun if you can get in.  :)

Sun, 10/25/2009 - 12:40 | 110015 blueskyscottsdale
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The mayor of Chandler Arizona is on a China junket courtesy of a mayors association in China. He reports from China "I'm amazed at how many smart entrepreneurs there are here in China". Evidently while we battle over "cash for toasters", China's entrepreneurs are gearing up to really kick our ass. Cash for toasters is the best we can come up with? If this country has become so dumb, we deserve to have our asses handed to us.

Check out this movie trailer and then ask yourself "Exactly how far behind is America?"

Sun, 10/25/2009 - 13:39 | 110048 E pluribus unum
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Actually "cash for appliances" is a direct ripoff of the the Chinese program where they give cash to people who buy appliances

Sun, 10/25/2009 - 17:13 | 110149 Howard_Beale
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Actually, China gave out vouchers only--no money.  And for those without the facililities to use these appliances, the had a new storage unit.

Mon, 10/26/2009 - 06:11 | 110478 ToNYC
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How far are we from C4I? Cash for Intelligence. This has got to be Obama's Canard. What about the Donation of Cars to Charities? Destruction of useful vehicles for the ostensible purpose of bringing Demand Forward is a pinnacle of short-sightedness akin to destroying crops and livestock to increase the value of the remainder. Cash 4 Whatever will serially and seriously retard demand for the object  of and speculating on the next Program. What about the rat bounty in old China bringing about rat breeding for the bounty? Are these people smart or cynical? Probably both but they know from social greases if not graces.

What if they rewarded for for paying a mechanic to make a clunker the best it could be and donate it to a place where those who needed a car could find one and then you got the benefit. Destruction blows and sucks and the crowd that thought of it should be lost and the shovel buried.

Sun, 10/25/2009 - 12:36 | 110026 Andrei Vyshinsky
Andrei Vyshinsky's picture

Who was it, Whirlpool or Amana who paid off John Clark and/or those to whom he reports for this little cutie? Could anything be more obvious? To say nothing of the intrinsic merit of the idea from an environmental viewpoint - if it actually has any - why appliances and not something else, long lasting batteries, for example? Man, the ruling clique is absolutely shameless, whether at the state or federal level! I know, someone's going to tell me that Clark is a "Christian". So was Sanford, if I recall.

Sun, 10/25/2009 - 13:34 | 110046 JohnKing
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Dear Santa Obama,

Please give us Cash for Christmas.


Your Non-Banker Subjects



Sun, 10/25/2009 - 15:11 | 110088 time123
time123's picture

Yes, there was chaos during the C4C program, as potential buyers did not know exactly if it is off or still on, and how long it is going to last. Some people rushed to buy a car just to make sure they are not missing on a great deal (4.5K off an 18K car was a cool 25% off the price of a car!)

My guess is that it helped not just the automobile companies and car dealers, but also insurance companies that all of a sudden started getting $1K / year premiums rather than 0.3K / year on the old car. Also, State government who collected on taxes for the new car.

But it was a short term boost, only to be followed by a medium term bust as anyone who wanted to buy a car already did. The same is likely with this appliance program.


market timing signals at


Sun, 10/25/2009 - 16:10 | 110118 mellmeister
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Still waiting for cash-for-hookers, or C4H, here.

Sun, 10/25/2009 - 16:41 | 110134 loup garou
loup garou's picture

Think of the potential for fraud and abuse.

This definitely requires the appointment of an Appliance Czar

Sun, 10/25/2009 - 16:49 | 110137 Zippyin Annapolis
Zippyin Annapolis's picture

We here in Annapolis are anxiously awaiting the "Cash for Cabin Cruisers" program--we are told it is on Larry Summers' desk. It will be capped at say--$100,000. And the jobs impact is off the charts. Florida especially. And we all know they need it no?

Sun, 10/25/2009 - 17:26 | 110155 CharlesBronson
CharlesBronson's picture

I am waiting for real cash for cash.......

Sun, 10/25/2009 - 18:09 | 110191 geopol
geopol's picture

Screw that,,, 1/10 oz gold eagles for FRN's


Spread the word, spread the word

Sun, 10/25/2009 - 20:03 | 110256 Anonymous
Anonymous's picture

With the world economic slowdown, the scrap generated by the clunkers will probably sit in the scrapyards for a long time before it is melted down and reused.

Sun, 10/25/2009 - 21:22 | 110302 Anonymous
Anonymous's picture

Whirlpool is shutting down American production and moving to Mexico, perfect timing?

Sun, 10/25/2009 - 21:52 | 110322 Anonymous
Anonymous's picture

Whirlpool is shutting down American production and moving to Mexico, perfect timing?

Sun, 10/25/2009 - 22:42 | 110357 brown_hornet
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Put all your old frigs,furnaces and water heaters on my curb.  Some illegal in a 20 yr old F150 will be along in about 5 min to pick them up.

Mon, 10/26/2009 - 00:18 | 110415 Anonymous
Anonymous's picture

F^^^ Whirlpool and buy a Speedqueen from Wisconsin

Mon, 10/26/2009 - 06:39 | 110485 Prudent Monkey
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here it is, the result of supportive economic policies for the global automotive industry (view of South Korea, in Italian language):

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