Friday, July 31, 2009

House approves $2B more for 'cash for clunkers'

No surprise here. I didn't realize dealers are required to immediately junk the trade-in cars under the program by disabling the engines. I suppose they could give someone the clunker rebate and keep the vehicle to sell if they don't take reimbursement from govt. Suppose we'll hear of any abuses of the system? (DUH!) My guess is we're really not doing a whole lot to help the environment here anyway as the EPA differences aren't all that great. Lots more junk being generated and what do they do with scrap vehicles - they melt them down (typically using lowest polluting Electric Arc Furnaces) or let them rust away somewhere. Could allow steel to become cheaper which might stimulate some growth. - MBC

http://www.comcast.net/articles/news-general/20090730/US.Cash.for.Clunkers/

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