Clunkety clunk clunk
For most Americans, the word clunker triggers a memory from summer 2009: the CARS (car allowance rebate system) program, commonly referred to as "cash for clunkers." The government offered up to $4,500 to each person who traded in a qualifying clunker — a vehicle reaching less than 18 mpg. An overwhelming 85 percent of vehicles traded in were trucks (and 59 percent of new purchases were cars). 670,000 autos and $3 billion later, the roads are a much "cleaner" place; fuel efficiency has improved by an incredible 58 percent. Check out the top 10 clunkiest clunkers here. (Text: Ashley Chase/MNN)
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Comments
Trading in vehicles with a maximum of 18 MPG was not enough. We shoulda also traded in normal sedans and coupes that were over 18 years old as well.
Cash For Clunkers was too good of a service to limit, and I want electric cars to take over.
It was a scam against the taxpayer. It was war on the poor and did little for the American worker nor the enviroment as well. Poor people or people who don't want to shell out tons of cash for the latest crap from the auto industry got screwed. many enviromental groups opposed it. Mr. Gratchic hit the nail on the head.
Biggest fraud the government perpetrated since they allowed the international bankers form the illegal, nefarious federal reserve, which is neither federal nor has a reserve. Like the clunker deal, it's designed to steal long term wealth for short term prosperity. Only a fool would have fallen for this sham.
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