Thursday, July 30, 2009
Cash for Clunkers (and vehicles too)
This morning before the House bolted for its August vacation from Capitol Hill it was announced that the very popular "Cash for Clunkers" government program was given a 2 billion dollar boost. Those not familiar with this positive stimulus program is an incentive to get people who have gas guzzling vehicles that aren't worth anything to 'trade' them in for a newer, hopefully more fuel efficient model. Some have mentioned that it isn't very green to be producing new vehicles but when you consider how many new models have sitting on the lots of car dealerships all across our country something was needed as a boost to encourage consumers to start buying things and at the same time getting rid of their old clunker. Sounds good to me. At least with this stimulus program nobody is going to get a bonus off the backs of taxpayers but rather reward us taxpayers for trading up. Finally something that doesn't get my credit card interest raised or a lousy banking institution that won't refinance unless I am on the brink of foreclosure. Maybe there is some balance out there?