As most people know, the Cash for Clunkers program wrapped up recently. Some view the program as a great success while others see it as a program that has put America deeper into the arms of debt. The press release from the Department of Transportation touts the success of a program that stayed within budget, took fuel [...]
Tag Archives | Cash for Clunkers
Cash for Clunkers Closing Down on Monday
Cash for Clunkers is about to close down. The plan is to shut the program down Monday evening at 8 PM ET because it’s predicted to run out of money by that time. Click here for the official press release. Not sure, but I think most dealerships are closed on Sundays (maybe some are open [...]
Cash for Clunkers Stimulating New Areas of the Economy
According to a Wall Street Journal article other interesting areas of economic stimulation are occurring from the Cash for Clunkers program. Side benefits to Cash for Clunkers Most of us have been focused on the news around trading in clunkers and the auto sales industry, but interestingly enough others are benefiting from the clunker program. [...]
Cash for Clunkers Accelerating Again
This just in from Yahoo News! Cash for Clunkers is accelerating again. WASHINGTON (AP) — The House of Representatives voted Friday to rush $2 billion into the popular but financially strapped “cash for clunkers” car purchase program, heeding calls from U.S. consumers who hope to keep taking advantage of the trade-in incentives. The bill was approved [...]
Cash for Clunkers Hitting the Brakes?
Cash for Clunkers out of money It appears the Cash for Clunkers program is hitting the brakes just after a few days. Reportedly, the program has run out of money because of so many people trading in their clunkers for cash. Cash for Clunkers in the Wall Street Journal White House officials and lawmakers were studying [...]
Cash For Clunkers – Not Seeing Much Benefit
By now you may have heard about President Obama’s new “Cash for Clunkers” bill which was signed into law June 24th. It’s got quite a bit of attention lately in various sources of media. I understand It’s a plan to accelerate the economic recovery, reduce inefficient cars on the road, and provide incentive to buy efficient [...]
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