Friday, July 31, 2009

"Cash for Clunkers" Out of Cash?

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The government's amazing "Cash for Clunkers" program is a steal for both the auto industry and consumers alike but is now under review in Washington. The program promises vehicle owners up to $45oo to trade in less fuel efficient automobiles for a new and more fuel efficient ride. The original budget for the program was $1 billion dollars and that money may have dried up much quicker than expected. "Cash for Clunkers" may be suspended as of Friday while government officials decide on our options.

As crazy as it sounds I think we need more funding for the program ASAP!! The reason for this is that the original $1 billion dollars was set aside to promote the sale of 250,000 new vehicles. If we have already blown through that many auto sales in the past week or so, this may be exactly what we need to really "stimulate" the economy. It's basically a stimulus package with direction. For once I think the government should spend more money!!!! Keep the cars moving people. Oh, and of course this reduces our carbon footprints!

2 comments:

  1. Hey the program is officially over, they Ran out of money!!!!

    -CDub

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  2. I read they were going to extend the program!

    Neapolitan Librarian

    ReplyDelete