Cash for Clunkers
New ‘Clunkers’ Analysis: Trucks, SUVs More Popular Than Suggested
When the Obama administration first called for more "cash for clunkers" last week, two influential senators said they could not back an extension without stronger efficiency standards for the program's trade-ins -- only to drop their opposition after viewing U.S. DOT sales figures that showed buyers snapping up gas-sipping cars.
August 7, 2009
The Senate’s ‘Clunkers’ Vote: Who Crossed Party Lines? (UPDATED)
The "cash for clunkers" car trade-in rebates are alive and well today after an evening Senate vote to give the taxpayer-subsidized program $2 billion -- money that was supposed to go to clean-energy loans and will almost certainly be replaced by new spending.
August 7, 2009
AP: Obama Administration Won’t Release Full Data on ‘Cash for Clunkers’
A $2 billion renewal of "cash for clunkers" is now almost assured, with GOP senators easing up on their threat of a filibuster and one key Democrat remarking that "the statistics [for the program] are much better than everyone thought."
August 4, 2009
How to Judge “Cash for Clunkers”
At this point, it's difficult to know exactly what the government's "cash for clunkers" program is supposed to accomplish.
August 4, 2009
Separating Myth from Fact on “Cash for Clunkers”
As debate rages on in the capital over whether to keep assisting the auto industry by giving out more "cash for clunkers" rebates, two assertions are becoming commonplace: the program is helping diminish U.S. oil consumption, and the program is not paid for with new money.
August 3, 2009
Bailout Recipient Citigroup Gets Contract to Run ‘Cash for Clunkers’
As the Senate gears up for debate this week on approving $2 billion more in "cash for clunkers" new-car rebates, Transportation Secretary Ray LaHood has vowed to work with the program's main private contractor -- Citigroup -- to iron out any kinks in the system that auto dealers use to apply for taxpayer-subsidized reimbursements.
August 3, 2009
House Quickly Sends $2 Billion More to ‘Cash for Clunkers’
The "cash for clunkers" rebate program, which promises new auto buyers up to $4,500 for fuel-efficiency upgrades as small as 2 miles per gallon, is back to life after burning through $1 billion in taxpayer cash.
July 31, 2009
‘Cash for Clunkers’ Out of Cash — But Not Quite Finished
The U.S. DOT may have notified car dealers last night that its watered-down "cash for clunkers" plan was already out of cash, but that doesn't mean the rebates are on their last legs. With the White House vowing to protect the program, Congress soon could have to decide whether to keep the good times rolling for auto companies.
July 31, 2009
The Next Stimulus Plan: Kalashnikovs for Clunkers
In case you don't qualify for the federal "cash for clunkers" rebate program, Mark Muller of Max Motors in Butler, Missouri, has an offer you might want to consider: get a free AK-47 with a new truck.
July 28, 2009
From the Dept. of Mixed Messages: LaHood Touts ‘Cash for Clunkers’
Two weeks ago, Ray LaHood candidly addressed the need to reduce the nation's vehicle miles traveled in order to halt the devastating effects of climate change. But the Transportation Secretary had a decidedly different message today.
July 27, 2009