Recent Streetsblog USA posts about Cash for Clunkers

Brookings: “Cash for Clunkers” Wasn’t Worth It

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Turns out paying people to buy cars isn’t a great policy for the economy or the environment. That’s the determination of a pair of Brookings Institution researchers who evaluated the effectiveness of the 2009 Cash for Clunkers program. The $2.85 billion program,┬ápart of President Obama’s economic stimulus package, produced only 2,050 “job-years,” according to researchers […]

GAO: Economic Recovery Benefits of ‘Cash for Clunkers’ Are ‘Uncertain’

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"Cash for clunkers," the White House’s much-touted program encouraging trade-ins for more fuel-efficient autos, had an "uncertain" impact on economic recovery, according to a new audit from the independent Government Accountability Office (GAO) — largely because it remains unclear how many of the car sales it spurred would have occurred without taxpayer subsidies. Were "clunker" […]

Has the Government Been Bailing Out Sprawl?

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One of the themes of the financial and economic crisis we’ve faced over the past two years is that government, pressed into responding to serious economic pain, has often found itself supporting the activities that got us into this mess in the first place. Sign of the times? Side-by-side foreclosures in Massachusetts. (Photo: Yovani via […]