We await the Senate vote on Cash For Clunkers
Sen. McCain has already made it known that he didn’t approve of the original $1 billion allotted for the Cash For Clunkers bill, so he definitely doesn’t approve of funneling $2 billion more into it. He will do all he can short of a fillibuster (the GOP can’t pull that off since the Democrats have a super majority) to stop the additional funding. Good luck, John. By running out of money so quickly, it could be argued that Cash For Clunkers has been an overwhelming success. That is, the Obama administration got what they wanted in less than two weeks, when they had allotted several months to get thousands of gas-guzzling cars off the road. Now, if I can convince you to try no fax payday loans and short term loans when your budget needs a bridge to payday - and do it in that little time - this little venture here would be equally successful.
The auto industry definitely needed a boost
And cornerstones of the American economy (like Ford Motors) got it in July, largely thanks to the Cash For Clunkers bill. I don’t care how long it took Cash For Clunkers to achieve it’s goal… it was successful. And I now believe that it shouldn’t be extended, because too many taxpayers will come to depend on such a program over time. I like the description that it was supposed to “prime the pump” for automotive industry sales, not become a permanent fixture. Whether people are going to truly be able to afford the Cash For Clunkers bill vehicles they’ve obtained is another matter. ... click here to read the rest of the article titled "Cash For Clunkers Bill | Insult and Injury to Obamacare?"
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