Home Page About Us Contribute
LuckyBug LifeStyle
















Cash for Clunkers - how stupid!

American Government Special Collections Reference Desk

Topics:  Car Allowance Rebate System (CARS)

Cash for Clunkers - how stupid!

Gus Philpott
Woodstock Advocate
August 7, 2009


Two billion more? How stupid!!!

The bail-out of the auto industry and dealers on the first billion was bad enough. That billion got spent much faster than Congress thought it would.

Hey, if you're giving away free money, what do you think would happen? That it would sit on the shelf forever?

How does the clunkers program work?

Trade in a "clunker" that gets 18mpg or less on one (another clunker? or must it be a new car?) that gets 22mpg, and get a $3,500 voucher.

If you trade that 18mpg clunker for one that gets at least 28mpg, then scarf up $4,500.

Congress thought the program "worked" so well that they poured another $2 billion down the drain.

Who pays for this? You do. Well, actually, you won't, but your great-grandchildren will.



Connect with The Crittenden Automotive Library

The Crittenden Automotive Library at Google+ The Crittenden Automotive Library on Facebook The Crittenden Automotive Library on Instagram The Crittenden Automotive Library at The Internet Archive The Crittenden Automotive Library on Pinterest The Crittenden Automotive Library on Twitter The Crittenden Automotive Library on Tumblr  
 
 


The Crittenden Automotive Library

Home Page    About Us    Contribute




By accessing the The Crittenden Automotive Library/CarsAndRacingStuff.com, you signify your agreement with the terms and conditions on our Legal Information:  Disclaimers & Privacy Policy page.

To notify The Crittenden Automotive Library of errors, suggest topics, contribute information, make a comment on a page or to ask a question e-mail us.