Comments on: "Cash For Clunkers" Gets a Reprieve

By: Buy, Sell or Hold: Nucor Corporation (NYSE: NUE) Will Get Is Due for a Boost From Government Spending

Fri, 15 Jan 2010 21:24:23 +0000

[...] Money Morning:“Cash For Clunkers” Gets a Reprieve [...]

By: Home Sales Will Struggle to Rebound Without Tax Credit Extension

Home Sales Will Struggle to Rebound Without Tax Credit Extension — Fri, 15 Jan 2010 21:09:39 +0000

[...] break, consumers in this economy are looking for a bargain much like they are with retail sales and auto sales. The bulk of the first-time tax credit sales have come from lower-priced homes, and NAR data [...]

By: Soaring Prices for AIG, Fannie and Other Financial Stocks Sending Mixed Messages to Investors

Fri, 15 Jan 2010 21:03:12 +0000

[...] Money Morning: “Cash For Clunkers” Gets a Reprieve [...]

By: If You're Going to Buy a House, Do it Now

If You're Going to Buy a House, Do it Now — Wed, 06 Jan 2010 19:42:00 +0000

[...] for the $8,000 credit for first-time homebuyers, it doesn’t really matter. It’s like the “Cash-for-Clunkers” program. If Congress extends it, it will prop up the housing market a bit. But if Congress doesn’t, [...]

By: U.S. Stocks: Winning Streak is Over, But Bull Market Continues

U.S. Stocks: Winning Streak is Over, But Bull Market Continues — Mon, 14 Sep 2009 09:31:36 +0000

[...] thanks to the government's Car Allowance Rebate System (CARS), popularly known "Cash-for-Clunkers." As a result, the Richmond, Atlanta, Chicago, and Minneapolis districts reported increases or [...]

By: Will This Week's Earnings Reports Reflect a Recovery or a Relapse for the U.S. Economy?

Mon, 17 Aug 2009 13:30:00 +0000

[...] the Car Allowance Rebate System (CARS), popularly known as “Cash for Clunkers,” was expanded, allowing car buyers to receive vouchers for future purchases as automakers report dwindling [...]

By: Buy, Sell or Hold: Nucor Corporation (NYSE: NUE) Will Get Is Due for a Boost From Government Spending

Mon, 17 Aug 2009 10:15:12 +0000

[...] Money Morning: “Cash For Clunkers” Gets a Reprieve [...]

By: The Two Indicators That Show the Recession is Ending

The Two Indicators That Show the Recession is Ending — Mon, 10 Aug 2009 13:28:38 +0000

[...] non-alphabet one with the funny name is among the most effective. So-called “Cash for Clunkers” got new life as Congress voted an additional $2 billion in the form of rebates for individuals who trade in [...]

By: jj

jj — Mon, 10 Aug 2009 01:01:12 +0000

this program will not work as intended. it will however help other countries sell their cars instead of the US selling US made cars.

By: With U.S. Consumers Now Uncertain and Unemployed, is Hope for a Quick Rebound Fading Away?

Fri, 07 Aug 2009 09:20:38 +0000

[...] Note: For more details on the “Cash For Clunkers” program, make sure to click here and check out a related story elsewhere in today’s edition of Money [...]

By: Jacob

Jacob — Fri, 07 Aug 2009 04:58:09 +0000

As with most government programs, the success of the "cash for clunkers" program is not measured in how well the consequences of the program align with the stated goals of its advocates. Nor is it measured by any economic impacts the consequences might cause. Instead, just like the example of the public library in George Dance's recent article about Booze and books, the success is measured by participation or usage, not by any measure of the value provides or harm it does to our economy. The trick is to define the program specifically so that it has a known demand so the usage is high. Media spin and politics will make sure the right people hear the program was successful and beneficial. I heard a bit on NPR just today about the downstream benefits that recycling all these old cars has. Ridiculous of course, but the perception amongst the voters is far more important than the actual results and consequences. Certainly there will be follow-on programs, cash for major appliances, cash for tools, etc.