Tuesday, August 4, 2009

Cash for Clunkers waiting game

While the fate of the Cash for Clunkers program still waits the decision of the Senate, the debate continues as to whether or not this is a good program for Americans. One view, is that this is good for the economy, a gov't stimulus plan that is really working. Battered auto dealers are getting much needed car buyers into show rooms across the country and buying new cars which puts money into the hands of dealership owners and the pockets of the salespeople. Jobs are being saved and possibly the dealerships themselves. Another view, is that the Cash for Clunkers program doesn't really help the average American. People who are struggling to get by should not be buying new cars, but rather used or pre-owned. What's more, the Clunkers program actually takes the real affordable, lower priced vehicles off the market, because they end up in the junk yards instead of being listed for sale by owners. For more on this view, read a commentary from yesterday's St. Louis Post Dispatch writer columnist, David Nicklaus:


What do you think? Let's hear from you and see who you believe has the better argument. Post a comment.


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