Cash for Clunkers Good or Bad?
Published August 20, 2009 | 
Team Altman Dot Com: Interesting News
Old Car
“Cash for Clunkers” is going to sound more like Crash for Clunkers on the dealership side. Seems to be what is popular on the news today. Why should we be astonished by this fact that we are spending money that we don’t have. Some of these cars are worth no more than $1000-$500 and how can washing sales down with 2-billion in payout already be good? Sounds more like suckers for clunkers.
CnnMoney – Cash for Clunkers article
Update – Clunkers to End Monday
Do you have a prediction for this program. Remember, our tax dollars are paying for this program. The government owns GM money and this is their answer for use of the stimulus money. What do you think? Are we just moving units in the end?