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Cash for Clunker Extension Passes
by
Edward Niedermeyer
(IC: employee)
Published: August 6th, 2009
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Automotive News [sub] reports that the Senate has passed a $2 billion extension to the Cash for Clunkers program, extending the deal through Labor Day. President Obama has already said he would sign the bill. But will it help the taxpayer-owned auto firms that desperately need a boost? Will sales levels continue at their current surging rates? Will fraud stories start popping up as they have in Germany? Who cares. America loves a deal.
Edward Niedermeyer
More by Edward Niedermeyer
Published August 6th, 2009 8:58 PM
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re:NulloModo: "You can buy a 3 bedroom 2 bath house built in the last five years for around $70K in a nice neighborhood here right now." Seriously, where is that. I'm willing to live in the southwest, but not the deep south, Florida or southeast Michigan. The only area that actually has good jobs where I can imagine a house that cheap is Texas.
"It’s far from perfect, but much human endeavor is. Their heart is in the right place…" Shaker: There is absolutely no connection between good intentions and good results. There is a reason for the saying "The road to Hell is paved with good intentions."
You worry to much comrade. How is your Mandarin BTW?