Entries Tagged 'Cash for Clunkers' ↓

Cash for Clunkers; Finally Congress has a great idea

junky_machine_2

I think this program has been highly successful and should be continued, and it looks like it will be;

WASHINGTON (CNN) — The Senate will okay new funding for the “cash for clunkers” program before leaving this week for the August recess, Senate leaders from each party predicted Tuesday, clearing the way for the surprisingly popular program to continue uninterrupted.

“We’ll pass cash for clunkers….before we leave here,” said Senate Majority Leader Harry Reid of Nevada.

“In the end, we know where the numbers are,” acknowledged the third-ranking Senate Republican, Sen. John Thune of South Dakota, a critic of the program who said now he expects all Democrats and several Republicans to vote for additional funding.

It doesn’t surprise me that Senator DeMint was against it, but I was a little surprised that Thune opposed it, especially with the auto industry so big in SD. But he is now one of the Big Wheels in the party of NO – He has to tow the party line. I don’t think this incentive is any different then when feds give incentives for installing energy efficient windows or water conserving toilets. Great idea for once.