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norristhecat

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norristhecat

Re: None

Friday, 08/07/2009 9:04:26 AM

Friday, August 07, 2009 9:04:26 AM

Post# of 2340829
Congress approves $2 billion 'cash for clunkers' renewal
Posted Aug 7th 2009 8:00AM by Connie Madon (RSS feed)
Filed under: Deals, Consumer experience, Marketing and advertising

Late Thursday night Congress approved another $2 billion for the "cash for clunkers" program.

On the Democratic side, Senator Debbie Stabenow of Michigan said: "The reality is this is a program that has been working. Consumers believe it's working. People who make steel and aluminum and advertisers -- and everyone who's involved in the larger economic impact of the auto industry -- believe it is working."

On the Republican side, Senator Judd Gregg of New Hampshire said: "What we are doing is creating debt -- The bill to pay for those cars is going to come due on our children and grandchildren."



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