Friday, June 19, 2009

The Bailout!

From MSNBC...Senate Democrats defeated a Republican effort to kill a $1 billion "cash for clunkers" program that provides government incentives of $3,500 to $4,500 to car buyers who trade in old gas guzzlers for more fuel-efficient vehicles. But in passing the bill on June 18 as an add-on to funding for the wars in Iraq and Afghanistan, Democrats also defeated the "green" wing of their own party, who wanted to do much more to favor the purchase of passenger cars over pickup trucks and SUVs. The bill, which President Barack Obama is expected to sign, will enable many consumers who take advantage of the program to buy trucks that are barely more fuel-efficient than their old guzzlers. If this idea sounds familiar, may I refer you to a post on this blog from November, 2008. (http://kevinjjordan.blogspot.com/2008/11/bailout.html) The program was right. The amount was wrong. If Congress needs any additional help, please use the e-mail address listed below

1 comment:

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