Friday, July 31, 2009

Cash for Clunkers

The new cash for clunkers program is running out of money.  The $1 billion dollar program has been more than depleted by over 22,782 vehicles that have been purchased.  The program was created to stimulate the declining auto industry and get gas guzzling cars off the road.  No one predicted just how popular the program would be.  Various members of congress have stated that they will be working to redirect more stimulus money to the rebate program.  

No comments: