Cash for Clunkers Extension
August 7, 2009 by Jennifer Chait
Filed under save-money
You may remember me posting about the whole Cash for Clunkers program recently. Well, the program was really popular, so popular that President Obama signed a bill Friday morning to extend the program. According to CNN, Obama noted, “Now, more American consumers will have the chance to purchase newer, more fuel efficient cars and the American economy will continue to get a much-needed boost.” Cash for Clunkers ate up an initial $1 billion in funding in its first week (crazy).
So far critics worried that car shoppers would use the program to mainly purchase trucks but in reality, compact cars and …read more
