Facebook

Twitter

StumbleUpon

Email

topics:

Government

vote downundo vote up flag

online.wsj.com - 7/31/2009

Government's 'Cash for Clunkers' Program Runs Out of Gas Early

—

Associated Press A car in a dumpster is used to promote the government's cash-for-clunkers program at a Vermont auto dealership on Monday.

5

econbrowser.com - 8/2/2009

Cash for clunkers

— econbrowser.com — A victim of its own success? One of the more embarrassing features of the New Deal was... the Agricultural Adjustment Act of 1933, which paid farmers to slaughter livestock and plow up good crops , as if destroying useful goods could somehow make the ... (more) Cash for clunkers

Comments vote downundo vote up Marginal Revolution found this 8/2/2009found this

3

researchreloaded.com - 8/5/2009

More on Cash for Clunkers as the Broken Window Fallacy

— researchreloaded.com — Economic Heroes?   With "Cash for Clunkers", the US is simply using a part of its productive... energy to go and destroy productive assets. While luckily a drop in the bucket, it is actually destroying value, perversely with the ... (more) More on Cash for Clunkers as the Broken Window Fallacy

Stocks

Comments vote downundo vote up Abnormal Returns found this 8/5/2009found this

2

freep.com - 7/30/2009

Cash-for-clunkers program to be suspended | Freep.com | Detroit Free Press

— freep.com — Updated at 7:17 p.m. WASHINGTON – The U.S. government will suspend the popular cash-for-clunkers program after less... than four days in business, telling Congress that the plan would burn through its $950-million budget by midnight, several sources told ... (more) Cash-for-clunkers program to be suspended | Freep.com | ...

Comments vote downundo vote up Calculated Risk found this 7/30/2009found this

Leave a Comment

Politics Today: Health Care Inches Forward
Breaking News: CBS News — ... , "Obama's 'beer summit' yields symbolic image, but little else" 'CASH FOR CLUNKERS' FINISHED?: "White House officials and lawmakers were studying late Thursday how to keep alive the government's cash-for-clunkers incentive program because of concerns the program's $1 billion budget may have been exhausted after just one week," report the Wall Street Journal's Matthew Dolan, Corey Boles and Josh Mitchell . "Obama administration officials warned congressional leaders Thursday it planned to suspend the program at midnight. But the White House released a statement late ...

Free Money Runs Out, Congress Authorizes More
Mish's Global Economic Trend Analysis — ... Inquiring minds have found some interesting quotes in the Wall Street Journal article 'Cash for Clunkers' Runs Out of Gas. ...

Cash for clunkers
Econbrowser — ... theory trade in a Hummer that got 14 mpg and get $3,500 toward a brand new 18 mpg SUV. That's still an upgrade (and, in fact, that trade would actually save more gas than upgrading a 30 mpg sedan to a 35 mpg vehicle), but it's a meager one. And if the upgrades are, in fact, all meager, they could end up being dwarfed by the energy required to manufacture new vehicles. And yet, the chaos as dealers and consumers try to participate in the program is leading some to describe the program as among the most successful stimulus ...