Cash for Cars
Thursday, June 18th, 2009A new measure taken by the Obama administration is the cash for clunkers program. This measure recently passed the congress and will be sent to the White House for approval. I am absolutely in favor of this bill and think it’s a long time in coming. Reducing our dependency on foreign oil will help our economy in the long run and this bill will also help to create jobs. The only problem I have with this bill is that I do not own a car that will qualify.
This proposal will allow people who own older model cars to trade them in for cars with better gas mileage. Many dealers are in favor of the bill as they feel it will help them sell new cars. There is a downside to the bill. This bill will increase the national debt as it is estimated to cost millions of dollars. I think it will be worth it in the end and so I give it my support!