Texas Straight Talk ~ A Weekly Column
Congressman Ron Paul
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August 11, 2009: "Cash for Clunkers"
The Cash for Clunkers program has received a lot of attention this week on Capitol Hill and across the country. The program offers a voucher of up to $4500 in federal funds to anyone who trades in a working used car for a new one with better fuel economy. Congress was shocked at how quickly people responded to promises of free money and drained the program, while car dealers have been equally shocked at how slow and arduous the government’s website to claim the rebates has been. It’s not a shock that people respond to incentives. The program has ...
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