In about six days, it is estimated that 250,000 cars were sold. On both sides of the aisle, people acknowledged the effectiveness of this initiative. And that is why yesterday, as we were seeing what was happening this week, the Obama Administration asked us to help consumers who have yet to have the opportunity to take advantage of trading in their old cars for new energy efficient models. When they do that, they strengthen the auto industry, strengthen our economy at large, and help preserve our environment.
Speaker Pelosi has called for $2 billion more to be allocated to the CAR Allowance Rebate System (CARS) program.
source: http://speaker.gov/blog/
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2 comments:
Yeah...it's effective all right, just wait until the "Clunker" money runs out. The auto industry will then see a slump like they have NEVER seen before. No one will purchase a vehicle for at least 6 months, maybe longer...they will hold out for more 'free clunker money' The poor are poorer, the middle class are poorer, the upper middle class were the only people who could take advantage of this program, and they already had decent vehicles. The complete and utter waste of the traded-in vehicles being demolished when they could have gone to people who can't get a job because they don't have reliable transportation ---(Oh wait! there are no jobs anyway!) Just you wait and see. All this for an improvement of 4 MPG??? They did not need $4500 to do this, it's generally a logical occurance that when you trade in an older vehicle for a newer vehicle, they generally get at least a few MPG better.
The dealers are happy and a lot of American workers depend on auto sales. When I was young the US made tvs, refrigerators and small appliances. We don't make that much any more.
We need to protect what we still make.
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