Wow! I may be
getting old, but I'm not there yet, and I have never thought of myself as a redneck. I figured I'd better sign up and chime in since I actually own a Cougar Eliminator (I even happened to have driven it to work today too).
Wall of text incoming!
Lets start with the name... The "ELIMINATOR" name has its heritage in the 1968 Mercury Cougar that was drag raced by Dyno Don Nicholson. "Eliminator" was (and still is) also a drag racing class / bracket. I know, marketing says that people today prefer letters and numbers in thier car names.
3 Cleveland engines? No. The Eliminator base engine was a 351-4V (4V = "four barrel" carburetor). Non-Eliminator Cougars' base engine was a 351 with a 2V carb. In '69 the 351 Cleveland was not yet available ~ they sported a 351 Windsor. '70 Eliminators received the 351 Cleveland 4V as the base engine. *On a side note, the base transmission was a 3-speed manual for both years. The Eliminator was also the only Cougar available with the Boss 302 engine (they are much more rare than a Boss 302 Mustang).
Fuel economy... well, mine has been getting 8-10 MPG. 351 cars get about 12-15 MPG. Luckily, my commute is short so I'm only burning about 1 gallon per day to drive it. How's your carbon footprint?
As for appearance... the front and rear spoilers were added to reflect the trend of functional versions of those spoilers appearing on road-racing track cars of the day (um, and continues to this day). The hood scoop was only functional on cars equipped with ram-air and a 428 cobra-jet engine (the exact same engine that came in the Cobra Jet mustangs). The Eliminator was SUPPOSED to look like a race car. If you didn't want a racey appearing car, you ordered a plain wrapper Cougar ~ which incidentally could be equipped exactly the same as an Eliminator, minus stripes, scoops and spoilers.
Some people want to be seen in thier car and some don't. The Eliminator wasn't for everyone, even back then. Only about 5000 were built between '69 and '70. Personally, I prefer the more "In Your Face!" appearance of the '70 Eliminator over the more subtle '69, but that's just me.
For more details about the '69 and '70 Eliminator, check out the Eliminator Registry page:
http://eliminator.mercurycougarregistry.com/
Game On!