Keep Your Clunker
The cash for clunkers or CARS program has appeared to help some American families, but from an initial look at the limited amount of Transportation Department data, the reality is that we are discouraging American automobile innovation, while neither improving the environment nor stimulating the economy.
Prior to being a stimulus star, cash for clunkers was part of the energy bill, intended to encourage motorists to purchase more hybrid and fuel-efficient cars and therefore reduce greenhouse gas emissions. While clunker motorists have purchased...
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