The End of Another Government Program

cash for clunkersThe government launched the recent program called "Cash for Clunkers", which gave consumers the opportunity to turn in their old "clunker" for up to $4500 credit towards the purchase of a new car. The program was such a hit that the initial funds were all used up within weeks of its initial launch and required Congress to vote and allocate more funds to the program.

After about a month of the popular program the new funds were completely depleted. So far, just a few hundred thousand cars sold is all we've seen from the program and unfortunately, in the end, it probably put several already struggling consumers, further into debt.

The government will need to be very active to help LEAD the economy out of this recession, but it needs to do just that, lead it. I believe they should focus more on getting more money into the consumer's hands and focus on how to reduce small business expenses to help encourage increase in the circulation of money. However, as a result, you can believe that 2010 Chevrolet Camaro and Porsche have benefited from the government program. Overall, we may have seen another several hundred billion down the drain. Check out the GMC Terrain Review and the 2010 Mercedes Benz GLK Review, as the cars look to be getting better going into the future.



    Now here is a program.