Recent Streetsblog USA posts about Cash for Clunkers

A Last Word on ‘Cash for Clunkers’

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One thing the government’s CARS program — a.k.a. "cash for clunkers" — has clearly stimulated is commentary. For a policy involving a shade under $3 billion in federal spending, it has enjoyed no shortage of media coverage. (Photo: Newsday) In part this is because the program looks like a big success, and certainly congressional leaders […]

‘Clunkers’ Consequences: GM Sales Down, Ford Gas-Guzzlers Up

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When Congress tripled the size of the "cash for clunkers" program in July, both Congress and the White House billed the $3 billion program as a boon for struggling domestic automakers. But when those Detroit car companies released sales figures today, the numbers didn’t quite match up to the hype. (Photo: AFP/Getty) General Motors and […]

“Cash for Clunkers” Coming to a Close?

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The Obama administration plans to close the door on the politically popular and environmentally slipshod auto trade-in program known as "cash for clunkers," according to a report this afternoon in the Wall Street Journal: Transportation Secretary Ray LaHood said Wednesday he would disclose within two days updated figures on the program, including how much of […]