Is ‘Cash for Clunkers’ a good use of public funds?

Posted 8/10/09

The “Cash for Clunkers” program is being credited with raising new car sales in July, so much so that the initial round of funding was in danger of running out without Congressional action.

Last week, the Senate voted to approve an additional $2 billion in funding to the $1 billion that had been the initial funding for the program (something the House of Representatives did before leaving Washington for its summer recess), which allows consumers to get guaranteed money from the government by trading in a low mileage car or truck for a higher-mileage vehicle.

Was the program a prudent use of taxpayer dollars?

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In response to your polls, maybe they could be set up so respondents could follow "yes" or "no" with their own reason rather than giving a reason.

The "clunker" poll doesn't allow for consideration of the variables, like the footprint of building a new car v keeping an old one.

My 15 year old Ford still gets 24+ mpg. For me it's a keeper, not a clunker.

Friday, August 14, 2009 | Report this

The "clunker" program boosted sales for cars and trucks until the program was over....now sales are back to "pre-clunker" numbers and the public is waiting for another type of bail-out.

Stop waiting for free money to buy something you didn't want before the program started. Buy products made in the USA. I know it's almost impossible, but read the labels. Read the names of the businesses. Stop buying products from China where the Communist government still kills babies and elderly, they kill disidents and all in the name of Communism. They own our treasury bills and whenever they want, they can "call in their markers" and we'll all be working in the rice paddies of Providence...

Richard A. Deery

Monday, October 5, 2009 | Report this
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