Cash for Clunkers Cars Program: Boon or Boondoggle?

The proposition had much appeal. Trade in your beat up vehicle for a credit of $3,500 or $4,500, depending on the type of new vehicle you purchased and the difference in fuel economy between the purchased vehicle and the trade-in vehicle. Not only would participating help the ailing economy, there was the chance to be green: fewer gas guzzlers and more fuel efficient vehicles would be a boost for the environment too. Americans took the government up on the offer that for many was too good to...Full Story
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