Labor day! The program "Cash for Clunkers" has now been extended to Labor day. What a great little progom to trade in your crappy clunker to be recylced--which would other wise not be worth anything at trade-in--for up to $4500 towards a new vehicle.
I believe there were two main goals to this program:
#1-- boost the car makers economy by an incentive to purchase a NEW car by trading in your old one.
#2-- permanently take gas guzzlers off the road by scrapping and recycling them.
Any Catches?
Well-- you have to buy or lease a new car.
And-- the new car has to get atleast 22 miles per gallon... what? 22 miles per gallon... that's it? The Gov't doesn't seem to be pushing the car makers to go green very hard... 22 miles per gallon doesn't really seem like much a challenge for the auto industry.
So, I think the program was more focused on saving the car industry rather than re-innovating its standards!
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