Is Cash for Clunkers a Waste of Money?

The government's Cash for Clunkers program has been a big hit with consumers who have jumped at the ability to get up to $4,500 of a new-car purchase, helping to clear cars off deal lots. But as the Senate now considers adding another $2 billion to the initial $1 billion for the program, some are questioning the benefits of this program for the larger economy. Sure, Cash for Clunkers has helped the automakers, but what about helping to stimulate the nation's economy and end the...Full Story
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