Yet another ill-advised government intervention

posted at 1:37 pm on October 26, 2009 by Ed Morrissey

So far in the annals of badly conceived government interventions into private enterprise, we have the late-1990s strengthening of the Community Reinvestment Act and Cash for Clunkers as the hall-of-fame candidates.  The former created a housing bubble whose collapse ruined the financial markets, and the latter proved disastrous for automakers just as their new models hit showroom floors last month.  Now a number of reports put a Porkulus program among these that essentially subsidizes the hoarding of golf carts for free:

As part of the huge $878 trillion (Or was it $787 billion? Can anyone remember, anymore?) “economic stimulus” created in Washington last winter, Congress OK’d a tax credit of between $4,200 and $5,500 for Americans who purchase an electric vehicle.

Some controversy arose as to which vehicles, exactly, qualified. The IRS recently ruled any electric vehicle qualifies for the subsidy, so long as it is road-worthy.

That means the model in question needs to have side and rearview mirrors and three-point seat belts, and be capable of going at least 15 to 25 mph. Meet those requirements, combine the federal credit with similar incentive plans in many states, and many a creative subject of the realm has discovered the government will now pay virtually the entire cost of acquiring a new … golf cart. …

The IRS also has ruled there’s no limit to how many electric cars an individual can buy, the Journal reports, inspiring some enterprising investors to stock up on multiple carts while the federal credit lasts, in order to resell them at a profit later on.

“This golf-cart fiasco perfectly illustrates tax policy in the age of Obama, when politicians dole out credits and loopholes for everything from plug-in cars to fuel efficient appliances, home insulation and vitamins,” The Wall Street Journal concludes. “Democrats then insist that to pay for these absurdities they have no choice but to raise tax rates on other things — like work and investment — that aren’t politically in vogue. If this keeps up, it’ll soon make more sense to retire and play golf than work for a living.”

It was $787 billion, a cost which comprised hundreds if not thousands of pet projects just like this.  Democrats rushed the bill through Congress and refused to allow Republicans to participate in its construction.  As a result, the effort was slipshod, ineffective, and as we see in this case, laughably incompetent.

The intent was to get people to replace their existing vehicles with electric-power cars, not golf carts.  In this way it is similar to the Cash for Clunkers, except there was no requirement to retire an existing vehicle and no limit on the number or type of vehicles one could claim.  Now American taxpayers will pay for road-worthy golf carts, and at least theoretically subsidize entire fleets of them for later resale and profit by hoarders. After all, tax credits are nothing more than subsidies funded by other American taxpayers.

Of course, these days, the Great Golf Cart Bubble may have been a feature rather than a bug.

Update: Rizzuto wonders why Obama hates caddies.


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Comments

This is what happens when you elect communists.

darwin on October 26, 2009 at 1:40 PM

I want my tricked-out golf cart.

Techie on October 26, 2009 at 1:42 PM

http://www.politico.com/click/stories/0910/obama_ties_bush_on_golf.html

come one… read yer own headlines… make the connections…

President who LIKES TO GOLF? Government funded GOLFCARTS?

Sometimes things are JUST what they appear…

Now, I am a proponent of the idea that you should not credit Malice with an idea when pure incompetence can explain it…

But when EVERYTHING is incompentent?

Romeo13 on October 26, 2009 at 1:42 PM

Most.Embarrassing.Administration.Evah.

Sponge on October 26, 2009 at 1:42 PM

The stupid leading the ignorant.

jukin on October 26, 2009 at 1:43 PM

stuck on stupid.

homesickamerican on October 26, 2009 at 1:43 PM

Are those Golf Carts “Green” or Carbon Neutral? Are they solar powered?

portlandon on October 26, 2009 at 1:44 PM

ACORN workers need golf carts, too.

faraway on October 26, 2009 at 1:44 PM

Where’s the link to company that sells I can get my free golf cart?

WashJeff on October 26, 2009 at 1:45 PM

In other news, Obama has played more golf in nine months than Bush in three years.

Now we know where they’re going! XD

Orange Doorhinge on October 26, 2009 at 1:47 PM

This unending string of idiocy must be putting a strain on Obama’s stooges.

forest on October 26, 2009 at 1:47 PM

Damn! Why didn’t I think of that? Flipping federally subsidized golf carts for a profit.

Doughboy on October 26, 2009 at 1:47 PM

My mind is beginning to hurt. I don’t mean my brain, or my head. Everyday, the stupefyingly stupidity of the US Government just overwhelmes me. The ability to resist, to stay above the turbulence, grows weaker everyday.

More and more, I find myself daydreaming of running into the woods and hiding until the insanity abates.

I just don’t know how much more I can take.

BobMbx on October 26, 2009 at 1:49 PM

Instead of golfing, shouldn’t the President be in church with his family on Sunday, you know, asking God, “When IS the moment of conception?” I’m sure God is capable of answering if Obama REALLY wants to know.

Mr_Magoo on October 26, 2009 at 1:49 PM

This might explain why when I visited my hometown for the first time in a year, the streets were clogged with golf carts and there were several golf cart sales locations in a place where there were no golf courses anywhere near. I thought the small town townies had gone crazy, but I guess they were just being smart.

Dilophos on October 26, 2009 at 1:49 PM

In other news, Obama has played more golf in nine months than Bush in three years.

Now we know where they’re going! XD

Orange Doorhinge on October 26, 2009 at 1:47 PM

And people say Obama never plans ahead!

tom on October 26, 2009 at 1:50 PM

My husband has been asking for his own golf cart for years! Guess what he’s getting for Christmas? Thanks, Precedent Obama!!!

SouperConservative on October 26, 2009 at 1:51 PM

Most.Embarrassing.Administration.Evah.

Sponge on October 26, 2009 at 1:42 PM

I honestly thought that the Carter administration was going to be the most embarrassing. But, Carter was never in bed with big golfcart.

highhopes on October 26, 2009 at 1:52 PM

I can’t wait to get golf cart delivered rotted produce at my local grocery store.

I hear the military is going to dump Humvees in favor of the greener, and cheaper, armored golf cart.

darwin on October 26, 2009 at 1:53 PM

Here is the golf cart used by Precedent Obama.

WashJeff on October 26, 2009 at 1:53 PM

Free golf carts for everyone! What a country!?

d1carter on October 26, 2009 at 1:53 PM

My husband has been asking for his own golf cart for years! Guess what he’s getting for Christmas? Thanks, Precedent Obama!!!

SouperConservative on October 26, 2009 at 1:51 PM

Why thank the filthy lying coward, he isn’t buying it for you! We taxpayers are and you are welcome. Just return the favor in 2010 by voting the scoundrels out of office.

highhopes on October 26, 2009 at 1:54 PM

No war for golf carts!

rbj on October 26, 2009 at 1:54 PM

This reminds me of the Arizona alt-fuel credit of a few years ago. They had to cancel the programs after people found out you could buy a 1 ton pickup and convert it from gas to propane and get 40% off the sticker price plus it exempted buyers from sales tax and license fees. Then you could change it back if you wanted.

RobD on October 26, 2009 at 1:54 PM

Instead of golfing, shouldn’t the President be in church with his family on Sunday, you know, asking God, “When IS the moment of conception?” chickenzes coming home to roost? I’m sure God is capable of answering if Obama REALLY wants to know.

Mr_Magoo on October 26, 2009 at 1:49 PM

FIFY

Laura in Maryland on October 26, 2009 at 1:55 PM

Instead of golfing, shouldn’t the President be in church with his family on Sunday, you know, asking God, “When IS the moment of conception?” I’m sure God is capable of answering if Obama REALLY wants to know.

Mr_Magoo on October 26, 2009 at 1:49 PM

Rick Warren: “Mr. President. At what point DOES a golf cart become an electric vehicle?”

Obama: “Rick, to answer that with any specificity, is, well beyond my pay grade.”

Mr_Magoo on October 26, 2009 at 1:56 PM

Free golf carts for everyone! What a country!?

d1carter on October 26, 2009 at 1:53 PM

A golfcart in every driveway and a chickenzes in every pot!

Laura in Maryland on October 26, 2009 at 1:56 PM

Electric Waverunners, anyone???

Medicated on October 26, 2009 at 1:57 PM

RobD on October 26, 2009 at 1:54 PM

I was thinking about that too, but I didn’t know if anyone knew about Propane Jane ;-) Unfortunately, I missed out on that boondoggle!

Mr_Magoo on October 26, 2009 at 1:57 PM

Why do we keep having to re-learn the same old lessons of economics over and over again?

ZenDraken on October 26, 2009 at 1:59 PM

Instead of golfing, shouldn’t the President be in church with his family on Sunday, you know, asking God, “When IS the moment of conception?” I’m sure God is capable of answering if Obama REALLY wants to know.

Mr_Magoo on October 26, 2009 at 1:49 PM

Being an arrogant narcissist comes with the certitude that the moment of conception was 7:24pm on August 4th of 1961. All that came before was meaningless and all that came after was there strictly for the benefit of the chosen one.

highhopes on October 26, 2009 at 1:59 PM

The intent was to get people to replace their existing vehicles with electric-power cars, not golf carts.

I’ve heard of a road to somewhere that is paved with good intentions. I guess we’re on it.

j_galt on October 26, 2009 at 2:01 PM

RobD on October 26, 2009 at 1:54 PM

And you were exempt from the car pool lane restrictions! You could cruise down the car pool lane all by yourself in your $50,000 Suburban that you only paid $25,000 for! Life was good!

Mr_Magoo on October 26, 2009 at 2:01 PM

Sounds like another payoff to personal injury lawyers.

Buy Danish on October 26, 2009 at 2:03 PM

Awesome. My parents have been thinking about getting an electric cart for tooling around the farm. Maybe they should get a fleet so the grandkids won\’t have to walk anywhere when they visit.

juliesa on October 26, 2009 at 2:03 PM

Where is Biden? I thought he was watching out for Porkulus corruption?

Mr_Magoo on October 26, 2009 at 2:05 PM

I missed out also. I moved to the state and was like why are all these F-350s King Ranch trucks running around with propane tanks in them?

RobD on October 26, 2009 at 2:05 PM

I don’t exactly want a golf cart for a car, but if I can get a free golf cart, why not?

MobileVideoEngineer on October 26, 2009 at 2:06 PM

Since this is a tax “credit”, not a deduction, this means you can essentially buy a road-going golf cart for almost nothing, then sell it brand new for thousands under its normal price to all those retiring baby boomers and rake in the dough. You don’t even need much in the way of capital to get started!

Shhh – don’t tell anyone, we can all get RICH doing this!!! But we better hurry before the golf cart bubble bursts – then those who have stashed away a couple thousand of these will get stuck without a market for them.

Of course, another plus is that you can sell them for cash!! Thus, there isn’t really any way of tracking that money, (its called “under the table”) so, heck with reporting it as “income” to the IRS – so even better!!

ITS BASCIALLY TAX FREE!!!!

(Watches for the first adverts to start appearing)

TIC

Fatal on October 26, 2009 at 2:08 PM

Incompetent in Chief

Schadenfreude on October 26, 2009 at 2:08 PM

I don’t exactly want a golf cart for a car, but if I can get a free golf cart, why not?

MobileVideoEngineer on October 26, 2009 at 2:06 PM

Yea, why not! You can put a “George & Wheezy Got’s Me ‘Dis Fancy Golf Cart!” bumper sticker…

Mr_Magoo on October 26, 2009 at 2:09 PM

like Ron White says….”You can’t fix stupid!”

search4truth on October 26, 2009 at 2:10 PM

Liberals just never will accept that every feel-good tax credit or spending program they can think of will produce scams like this. They won’t write legislation tight enough to prevent the scams, because it would also limit the use of the program and give them smaller numbers to brag about. The first time homebuyer tax credit has also produced a burgeoning scandal of sham deals and unqualified borrowers and people as young as 6 years old getting $8000 checks from the government. Just wait and see how many billions get wasted and scammed under ObamaCare.

But we are wasting our breath complaining about this. Liberals simply do not care. Waste and abuse are simply part of the cost of having the expansive government they want. And if we complain about golf carts, they come back with Halliburton and $600 toilet seats.

rockmom on October 26, 2009 at 2:12 PM

Incompetent? Nope. Every gubmint program designed to give away tax dollars will succeed in giving away tax dollars.

bloviator on October 26, 2009 at 2:13 PM

How do I get in on this? I could use a new golf cart. If I’m gonna get screwed, I might as well get a new golf cart out of it.

Big John on October 26, 2009 at 2:13 PM

What’s it going to cost to recharge the batteries once the cost of ‘coal based electricity will necessarily skyrocket‘?

bloviator on October 26, 2009 at 2:19 PM

Your Tax Dollars At Work

GarandFan on October 26, 2009 at 2:22 PM

Yea, why not! You can put a “George & Wheezy Got’s Me ‘Dis Fancy Golf Cart!” bumper sticker…

Mr_Magoo on October 26, 2009 at 2:09 PM

Um… apparently people misunderstand sarcasm and the idea of speaking tongue in cheek.

I said I don’t want a golf cart for a car. I was being a bit factitious.

MobileVideoEngineer on October 26, 2009 at 2:22 PM

convert this lawn mower powered arm chair to electric, put in a seat belt and it would qualify for the credit.

scrubjay on October 26, 2009 at 2:22 PM

http://villagesgolfcartman.com/id30.html

“GET A FREE GOLF CART
or make $2,000 doing absolutely nothing!

Limited Supply Only – First Come First Serve
Stop by today and secure your deal!

The Villages Golf Cart Man
*certain restrictions apply

$10,000.00 is the price for the Golf Cart!
2,000.00 is a Discount we offer for this program.
————–
8,000.00 is your out of Pocket Cost today.
5,300.00 is the tax rebate you will receive from the Government
————–
$2,700.00 is your out of pocket after tax rebate

$2,700.00 Lease back over the next 27month (We pay you $100/mo.)
_______________________
$0.00 Is your total investment and after 27 month you can either keep the Golf Cart or we buy it from you for $2,000 cash.

That means you own a free Golf Cart or made $2,000 cash doing absolutely nothing!!!

So what is the catch? You or whoever in your family buys the Golf Cart needs to have at least $5,300 income tax liability within the next 2 years and secondly, I’ve got only 10 carts available for this deal in stock at this time. “

Asher on October 26, 2009 at 2:24 PM

Why do we keep having to re-learn the same old lessons of economics over and over again? ZenDraken on October 26, 2009

Because, as someone above so aptly pointed out, they’re stuck on stupid.

They say karma will come back and bite them ‘you-know-where.’ Well, I wish Karma would hurry up a bit. I also wish there were a safe, easy and legal way to get rid of all these libloons.

blr2449 on October 26, 2009 at 2:24 PM

The printing presses at the mint must be going at warp 10 to print up all the monopoly money dollars to “pay” for 0bama’s boondoggles.

But it’s all “free money”, so it’s all good, right?

Rebar on October 26, 2009 at 2:25 PM

I want my tricked-out golf cart.

Techie on October 26, 2009 at 1:42 PM

Buy a prius.

jbh45 on October 26, 2009 at 2:28 PM

If you want to be replaced by golf carts, just keep it up . . .

NoDonkey on October 26, 2009 at 2:30 PM

This PorkU & Us provision must be causing quite a stir at one place I can think of: The Villages in central Florida. It’s an over 55 community where the golf cart is the primary source of local transportation for most residents, and the ONLY source of transportation for more than a few.

The aging boomers down there must be going tax incentive crazy just about now….whoooooweee!

Thank you Uncle Gubmint!!!

Sweet_Thang on October 26, 2009 at 2:32 PM

Does anyone else ever get the feeling that a golf cart is the only thing Barry is really allowed to drive in this admin??

I wonder if he’s as $hitty at golf as he is at bowling.

…and governing for that matter.

BigWyo on October 26, 2009 at 2:35 PM

Instead of golfing, shouldn’t the President be in church with his family on Sunday, you know, asking God, “When IS the moment of conception?” I’m sure God is capable of answering if Obama REALLY wants to know.

Mr_Magoo on October 26, 2009 at 1:49 PM
Being an arrogant narcissist comes with the certitude that the moment of conception was 7:24pm on August 4th of 1961. All that came before was meaningless and all that came after was there strictly for the benefit of the chosen one filthy liar.

highhopes on October 26, 2009 at 1:59 PM

Sorry, could help myself!

Sweet_Thang on October 26, 2009 at 2:38 PM

I’m not sure the editorial quoted in the main post is accurate.

Here’s a different take on it, frtom a Fox affiliate:

And the golf carts we’re talking about aren’t the ones that you see on the putting green — they’re ones that you can take out on the street.

The Wall Street Journal reports that more people are buying “neighborhood electric vehicles,” or NEVs, in an effort to be more green and save money. It writes that some in the industry estimate that there are 10,000 NEVs on the streets. The vehicles typically cost between $8,000 and $20,000 and can travel 30 to 40 miles on a charge. Unlike the carts that you see at golf courses, these vehicles must be outfitted with headlights, seat belts, parking brakes and driver’s side mirrors in order to hit the streets.

Many people ride their golf carts for short distances — to buy groceries and visit friends. But the other advantage for those who purchase the vehicles is that they are eligible for a tax credit of at least $2,500 and even more depending on the car’s battery, according to ABC News . And there isn’t a limit as to how many golf cart tax credits someone can claim.

http://snipurl.com/ssqvq

So apparently the carts in question are subsidized to the tune of $2500, but have a retail price of $8,000-$20,000. This contradicts the claim that the subsidy covers virtually the entire price of the vehicle.

sauropod on October 26, 2009 at 2:38 PM

Incompetent.

D2Boston on October 26, 2009 at 2:39 PM

I am soooooo glad the adults are in charge (finally)….WHEW!!

Ris4victory on October 26, 2009 at 2:41 PM

Wonderful! Between this and those 4 yr-olds getting tax credits, we can see how well the stimulus worked…not at all.

becki51758 on October 26, 2009 at 2:42 PM

You or whoever in your family buys the Golf Cart needs to have at least $5,300 income tax liability within the next 2 years and secondly

I think this is a misunderstanding of how tax “credits” work.

If, I understand this correctly and this is actually a “credit” and not a deduction, then you don’t need any tax liability at all. Don’t owe any taxes? Then the government sends you the $5,300 just like for the “Earned Income Credit”, or “First Time Homebuyer’s Credit”, etc. Its like welfare for the golf-cart buying segment of the population.

Cool, huh?!

Fatal on October 26, 2009 at 2:43 PM

could not!

Sweet_Thang on October 26, 2009 at 2:44 PM

More info from ABC News:

Under the Bush administration’s Emergency Economic Stabilization Act, buying a plug-in electric motor vehicle can make a consumer eligible for a tax credit of at least $2,500 plus additional cash depending on a car’s battery capacity.

In April, the Internal Revenue Service confirmed that “neighborhood electric vehicles” or NEVs — a common term for electric-powered golf cars and other low-speed vehicles allowed on public roadways — bought in 2009 qualified for the tax credit. (The IRS indicated that traditional golf carts used mainly on golf courses — as opposed to street-legal vehicles — aren’t eligible for the credit. It said in its April statement that “vehicles manufactured primarily for off-road use, such as for use on a golf course, do not qualify.”)

Morgan said the battery capacity on 12 cars he sells qualifies them for tax credits of $5,335 each….

Morgan said he’s sold 40 cars priced between $6,495 and $10,600 in the last six weeks — more than $260,000 in sales …

http://snipurl.com/ssr6j

So I guess the subsidy can go well above $2500, but only for the nore expensive vehicles with big batteries, which presumably are near the high end of the $8,000-$20,000 price range.

Also note that the subsidy was included in a bill from the Bush era, so it’s not actually Obama’s doing.

Seems like a non-story to me.

sauropod on October 26, 2009 at 2:46 PM

Corrected article pic

Shy Guy on October 26, 2009 at 2:52 PM

Also note that the subsidy was included in a bill from the Bush era, so it’s not actually Obama’s doing.

Seems like a non-story to me.

sauropod on October 26, 2009 at 2:46 PM

Regardless of the fact that a Florida golf cart dealer is currently advertising free golf carts or $2000 dollars for people who want to take advantage of this “deal”.

http://villagesgolfcartman.com/id30.html

“Due to the recent press release in overwhelming response caused by an article in the Wall Street Journal we are unable to answer all requests in a timely manner. This email will explain how you can get the most benefit from this program. This program is in conjunction with the Federal Tax Stimulus Program designed by the government to promote eco-friendly electric cars and a greener earth. The cars available for this program have all been federally approved through the IRS and have a specific tax credit based on the model and its features and batteries it carries. You can order one or more of these vehicles but supplies on these vehicles are limited due to the demand and this deal will expire when they are gone.”

Oh and this also:

http://www.energystar.gov/index.cfm?c=tax_credits.tx_index

“Efficient Cars

Starting January 1, 2009, there is a new tax credit for Plug-in hybrid electric vehicles, starting at $2,500 and capped at $7,500 for cars and trucks (the credit is based on the capacity of the battery system). The first 250,000 vehicles sold get the full tax credit (then it phases out like the hybrid vehicle tax credits).”

and there is this:

http://blogs.chron.com/texaspolitics/archives/2009/02/plugin_hyrbid_a_1.html

“The stimulus bill also expanded the type of electric vehicles eligible for federal tax credits to include two-and-three-wheeled electric vehicles and plug-in hybrid conversions. “

Asher on October 26, 2009 at 2:58 PM

Seems like a non-story to me.

sauropod on October 26, 2009 at 2:46 PM

If one dollar of my taxes is going to buy golf carts, it’s a story to me.

Ronnie on October 26, 2009 at 3:00 PM

Why do we keep having to re-learn the same old lessons of economics over and over again?

ZenDraken on October 26, 2009 at 1:59 PM

Nobody’s re-learning anything. We already know it and liberals haven’t learned the lessons yet in the first place. The left just can’t get to grips with the fact that economics is about predicting both short and long term consequences for as many groups as possible. This is the lesson taught in Hazlitt’s “Economics In One Lesson.” Very simple, but unfortunately not simple enough for liberals.

Sharke on October 26, 2009 at 3:17 PM

Tiger Woods must have lobbied for this one.

Time for the Tee Party Express, subsidized by the Bogey-man in Chief.

Steve Z on October 26, 2009 at 3:19 PM

Seems like a non-story to me.

sauropod on October 26, 2009 at 2:46 PM

If it’s part of the Porkulus Bill, it is supposed to jumpstart job creation. This would create a handful of temporary jobs on a good day. Sounds like most of it is sucked up in taxes and paperwork processing than real job stimulation. That makes it a story to be told.

Mr_Magoo on October 26, 2009 at 3:22 PM

So the government is giving away virtually free golf carts to old white rich men who dress funny. Interesting.

Jeff from WI on October 26, 2009 at 3:28 PM

So the government is giving away virtually free golf carts to old white rich men who dress funny. Interesting.

Jeff from WI on October 26, 2009 at 3:28 PM

And with a women/men ratio of about 7 to 1 in places like The Villages, they are also having a great time doing the “wee wacky woo woo” without dating!

Mr_Magoo on October 26, 2009 at 3:32 PM

And the ratbags complain about electric wheel chairs being a large part of Medicare fraud.

davod on October 26, 2009 at 3:37 PM

On a related note,
During his latest round of golf, Obama hit two of his best balls.
He stepped on a rake!

mrt721 on October 26, 2009 at 3:42 PM

On my measly salary I can only afford one golf cart but I’ll definitely be shopping tomorrow. better than having Pillosi spend it for me. Thanx for the heads up Ed!!!

Reality Check on October 26, 2009 at 3:44 PM

And with a women/men ratio of about 7 to 1 in places like The Villages, they are also having a great time doing the “wee wacky woo woo” without dating!

Mr_Magoo on October 26, 2009 at 3:32 PM

lolol

Jeff from WI on October 26, 2009 at 3:49 PM

Hmm, I have this vision of the next march on Washington involving wall-to-wall golf carts. Lots and lots of seniors and golfers.
What would the Secret Service do if the entire Ellipse was filled with people hitting specially printed golf balls (STOP in red letters, forex) onto the South Lawn of the White House?

NaCly dog on October 26, 2009 at 4:31 PM

GEM is owned by Chrysler, and this is more what we are looking at, not the “traditional” golf cart.

http://www.gemcar.com/

These things are expensive, the four seaters and “trucks” can run over $9000, but these are neat.

Now I am NOT for this program, not in the least, but these are cool, lots of racers have ’em for pit vehicles.

Ford, also makes something similar.

gary4205 on October 26, 2009 at 4:35 PM

“If it’s part of the Porkulus Bill …”

It’s not. This is the point that people seem to be missing.

From ABC:

The bailout bill that last year helped keep the U.S. banking system afloat also contained lesser-known provisions to benefit other industries, including the electric car business.

Under the Bush administration’s Emergency Economic Stabilization Act, buying a plug-in electric motor vehicle can make a consumer eligible for a tax credit of at least $2,500 plus additional cash depending on a car’s battery.

http://snipurl.com/ssr6j

It’s from the Bush admin’s Emergency Economic Stabilization Act.

So in this case, we really can … blame Booooosshhh!!!

sauropod on October 26, 2009 at 4:39 PM

Related parody and graphic: Yuppietariat Celebrates Revolutionary Cash for Golf Carts Program http://optoons.blogspot.com/2009/10/yuppietariat-celebrates-revolutionary.html

Mervis Winter on October 26, 2009 at 5:55 PM

Drive Buy Birdie

scituate_tgr on October 26, 2009 at 7:16 PM

Pimp my ride, Barry.

darwin-t on October 26, 2009 at 8:48 PM

So let’s see. I have to pay x amount to pay in tax. This is a tax credit and not a ride off. So I can convert the entire amount to golf cartage.

Then I sell the gold carts.

Sales tax I’ll have to pay and I’m out that (no wait, my customers pay that). But the income tax I’ll have to pay on my golf cart profits I can convert to more golf carts.

It’s Fractal Tax!

– The Cat

P.S.

That means the model in question needs to have side and rearview mirrors and three-point seat belts, and be capable of going at least 15 to 25 mph.

I bet I can find RC Cars that qualify.

MirCat on October 27, 2009 at 7:34 AM