Jun. 9, 2009 :
CLUNKER BILL:
The House on Tuesday waded deeper into the rescue of the troubled auto industry when it passed a $4 billion plan to subsidize new cars sales for consumers who scrap old ones.
Q&A: How the 'cash-for-clunker' plan would work - USATODAY.com
Autos: Cash for Clunkers Advances - BusinessWeek
Feds' $10G Clunker Trade-In Bill: New Domestics Only | The Truth ...
Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to
Just to get a ploy to put people in debt. New car, approximately $20,000 -- still too expensive after the subsidy. They really don't get it. People don't have money and they don't want to take on more debt. Many used cars are going for $10,000 to $15,000 and there are used car lots all over that can't sell those easily. What you can't find for sale anymore are cars priced $5,000 and under. They have vanished from the market since last year.
I saw no mention of where to get one of those $4,500 cars. This looks more like a way to drive a debt-ridden public even deeper into the morass of never ending payments. No thanks, I'll drive the clunker its PAID for.
Loading comments…
First Posted: 06-10-09 12:17 PM | Updated: 07-11-09 05:12 AM