I tried to report on this an unbiasly as possible, but I have developed some opinions I'd like to share.
First of all, the name doesn't make any sense. People don't get cash, they get money towards their new car, and its only a little bit. Plus the car can't be used, has to be brand new, so that's not very green. And their old car must be destroyed. Secondly, its full of fine print- and there is more to come! The environmental standards aren't even great and they don't have to improve their gas mileage very much. Essentially, it's another bill to draw the rich out from hiding and make them buy lots of new cars (since no one else can).
It was fun to report on, though. The details kept changing and there was hot debate! I love politics.
Read my story:
http://www.carrollcountytimes.com/articles/2009/07/01/news/local_news/4cash_for_clunkers.txt
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Cash for clunkers will do very little to help either car sales or the environment. A better solution is to simply return the tax deduction taxpayers receive for car donations back to the book value. This will help increase car sales. Since most donated cars are recycled, there is an environmental benefit as well. To donate car, go to http://www.cars4charities.org or call 866.448.3487.
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