Cash for Clunkers
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Cash for Clunkers is a hit. Does it work?
The unexpected popularity of the cash-for-clunkers program has sent congress scrambling to find more funding. About 250,000 people have taken advantage of the incentives to trade older cars for ones with better fuel efficiency, burning through the first billion dollars in about a week. The price tag of the program has given politicians something to […]
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GOP opposes successful “Cash for Clunkers”
I was not a big fan of the final version of “Cash for Clunkers” because its mileage improvement requirements were so inadequate, as Senators Dianne Feinstein (D-CA) and Susan Collins (R-ME) explained here. But in the real world, the public has mostly turned in gas-guzzlers in exchange for fuel-efficient cars – which perhaps should not […]
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Cash for clunkers inventory clearance sale!
(photo credit Wen-YanKing via the Flickr Creative Commons license). The Cash for Clunkers Agreement is a short-term attempt to stimulate consumer spending on new cars, nothing more, nothing less. It’s a no-brainier from a political perspective because voters will support any program that will give them thousands of dollars to trade in a junker for […]
