Recent Streetsblog LA posts about Cash for Clunkers

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GAO: Economic Recovery Benefits of ‘Cash for Clunkers’ Are ‘Uncertain’

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"Cash for clunkers," the White House’s much-touted program encouraging trade-ins for more fuel-efficient autos, had an "uncertain" impact on economic recovery, according to a new audit from the independent Government Accountability Office (GAO) — largely because it remains unclear how many of the car sales it spurred would have occurred without taxpayer subsidies. Were "clunker" […]

A Last Word on Cash for Clunkers…We Promise

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One thing the government’s CARS program — a.k.a. "cash for clunkers" — has clearly stimulated is commentary. For a policy involving a shade under $3 billion in federal spending, it has enjoyed no shortage of media coverage. (Photo: Newsday) In part this is because the program looks like a big success, and certainly congressional leaders […]

‘Clunkers’ Consequences: GM Sales Down, Ford Gas-Guzzlers Up

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When Congress tripled the size of the "cash for clunkers" program in July, both Congress and the White House billed the $3 billion program as a boon for struggling domestic automakers. But when those Detroit car companies released sales figures today, the numbers didn’t quite match up to the hype. (Photo: AFP/Getty) General Motors and […]