The Conservative Cave
Current Events => Breaking News => Topic started by: NHSparky on October 18, 2009, 08:19:19 AM
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Cash for Clubbers
Congress's fabulous golf cart stimulus.
REVIEW & OUTLOOK OCTOBER 17, 2009
LINK (http://online.wsj.com/article/SB10001424052748704107204574473724099542430.html)
(excerpt)
We thought cash for clunkers was the ultimate waste of taxpayer money, but as usual we were too optimistic. Thanks to the federal tax credit to buy high-mileage cars that was part of President Obama's stimulus plan, Uncle Sam is now paying Americans to buy that great necessity of modern life, the golf cart.
The federal credit provides from $4,200 to $5,500 for the purchase of an electric vehicle, and when it is combined with similar incentive plans in many states the tax credits can pay for nearly the entire cost of a golf cart. Even in states that don't have their own tax rebate plans, the federal credit is generous enough to pay for half or even two-thirds of the average sticker price of a cart, which is typically in the range of $8,000 to $10,000. "The purchase of some models could be absolutely free," Roger Gaddis of Ada Electric Cars in Oklahoma said earlier this year. "Is that about the coolest thing you've ever heard?"
The golf-cart boom has followed an IRS ruling that golf carts qualify for the electric-car credit as long as they are also road worthy. These qualifying golf carts are essentially the same as normal golf carts save for adding some safety features, such as side and rearview mirrors and three-point seat belts. They typically can go 15 to 25 miles per hour.
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And guess who's footing the bill for THIS one? Hopey McChangesnorter is gonna make Carter look like a genius before he even gets to the midterms.
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My neighbors have a golf cart that they ride around the neighborhood from time to time. It always makes me laugh :-)
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If I played golf, I would buy an MG TD for a golf cart. They're about the same size.
(http://img441.imageshack.us/img441/886/imagen2as6.jpg)
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Hybrids, electric, and super fuel efficient cars are sexy. mmm 11 horse power.
I'll take my 2010 gas guzzling 4.0L 12V V6 Ford Mustang over any pansy ass hybrid.
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Avoid the rush for accesseries....get by LOWES/HOMEDEPOT soon and pickup your roll of duct tape and clear plastic so you can winterize your new OBAMACAR.
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Well, crap. I thought I'd get cash for clubbing baby seals.........................
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Well, crap. I thought I'd get cash for clubbing baby seals.........................
I thought they were going to pay me to bar hop. :hyper: