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Opinion on Cash for Clunkers program August 7, 2009

Officially called, "The Consumer Assistance to Recycle and Save Program" the "Cash for Clunkers" Program and it's Back on the Road just before Congress took their summer break.   This program offers up to $4500.00 of the price of a new car to consumers who trade in their older car which gets less than 18mgp.   You must have insured and owned the car for the prior year.

By a vote of 60-37 the Cash for Clunkers program has been refueled with $2 Billion in high octane government stimulus money after the the first billion, which was expected to last until November, ran out in the first couple weeks, while overwhelming government bureaucrats generating over 220,000 in new auto sales.  Finally some much needed orders are going to dealers, suppliers, scrap yards, steel producers and other small businesses related to auto.

It seems to Consumer Guides that with much of the $787 Billion Stimulus Bill money being nothing more than government pork, most of which will be spent years after this recession is over, this Cash Rebate program is actually one of the few government programs doing something to boost the economy, saving jobs and putting people to work, while boosting gas mileage, and lowering pollution.  It seems we could have gotten a lot more bang for a lot less bucks if more Stimulus money spent this way, in the form of direct tax cuts to get consumers spending. 

Consumers can visit see their local car dealer to find out how to qualify for the program.

You may obtain additional information about the CARS program by calling the CARS Hotline at 1-866-CAR-7891.

You can also visit http://www.cars.gov/ to read about program details.

A step-by-step process on how to participate is found here. http://www.cars.gov/how

 

 

 

   

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