Cash for Clunkers works

Cash for Clunkers works

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Good to hear when something works, and … I spent ten years in Detroit, and know there are a lot of people suffering there and in related locations like Flint MI.

I guess the deal is to learn something from programs like this.

… and now to hear from Jack Hidary, who's far more eloquent than I am about this in Commentary: Why 'Cash for Clunkers' works:

Our country is facing a daunting economic challenge this year and we must take steps to pull ourselves out of this ditch.

One such program that has hit the ground running is Cash for Clunkers. It's helping consumers move beyond these hard times and has reignited a whole industry.

Cash for Clunkers is now working in more than 10 countries around the world. In Germany, consumers have junked more than 1.2 million guzzlers in the last five months and significantly boosted the economy there. So we know that Clunkers programs get the job done. How many other government programs can you say that about?

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5 Comments

jack hidary

Thx for the shout-out, Craig.
This program is not only delivering for the American economy, but it is also making us safer. Think of all those clunkers that don't have the latest safety features or the older SUV's that tip over too easily. Now consumers can trade those in for state-of-the-art safety for their families.
What I would like to hear from your readers is what they think we should do AFTER cash for clunkers is done.
how can we continue to boost the economy while increasing efficiency?
Jack

Cars4Charities

I disagree. Many of the cars being turned in for a voucher and in good condition and could be used by lower income people to get to work thus stimulating the economy.

Stephen Buckley

As an environmental engineer, I thought this program sounded more politicial than fact-based.
NPR did a piece (see link below) that throws cold water on the environmental basis of the program.
It's easy to sell people on easy solution (even many nerds and geeks that are trained to be skeptical).
Environmentally and economically, it would have been more effective and efficient to just pass out the $3 billion directly to auto industry employees.
(I bet THEY would agree.)
National Public Radio:
"Clunker Program's Environmental Merits Questioned"
http://www.npr.org/templates/story/story.php?storyId=112141127&sc=nl&cc=nh-20090823
vr,
Stephen Buckley
Environmental Engineer
Purdue '77
http://UStransparency.com

Newcelebrityblog

I am sure we all agree that it would have been better to trickle out the money for the next decade or so to conduct research and create a massive infrastructure for alternative fuel production and distribution. We wouldn't want to shock our ailing economy with too much activity too quickly.

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