I like the Cash for Clunkers idea: turn in your old, polluting, gas-guzzling vehicle and the government helps pay for a new vehicle. It would help clean the air, cut our oil consumption, and help the American car companies sell their inventory, which car critics agree are better vehicles than their image attests.
Here's the latest from Associated Press:
What is not clear to me yet is whether you would get Cash for Clunker money if you buy a vehicle from a foreign manufacturer, even if the car was made in the USA. (I own a Honda Civic that was built in Ohio; to me, I paid American workers and a lot of American parts suppliers to build a Japanese designed car, which is fine with me, even if the bottom line profits go to a Japanese company. The Chrysler minivan I own? Made in Canada.)
Here's the latest from Associated Press:
WASHINGTON (AP) - Consumers could receive rebates of up to $4,500 for turning in their gas-guzzling cars and trucks for more fuel-efficient vehicles under a House proposal.
President Barack Obama has urged Congress to approve consumer incentives for new car purchases as part of the government's efforts to reorganize General Motors and Chrysler through the bankruptcy courts.
The House proposal set for a floor vote today. It is aimed at stimulating car sales during a bleak period for the auto industry while increasing the nation's fleet of cars that get more miles to the gallon.
GM and Chrysler have received billions of dollars in government aid, but the entire auto industry has watched car sales plummet during the past year.
What is not clear to me yet is whether you would get Cash for Clunker money if you buy a vehicle from a foreign manufacturer, even if the car was made in the USA. (I own a Honda Civic that was built in Ohio; to me, I paid American workers and a lot of American parts suppliers to build a Japanese designed car, which is fine with me, even if the bottom line profits go to a Japanese company. The Chrysler minivan I own? Made in Canada.)
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