2009-08-02

"Cash for Clunkers" program hurts poorest car owners

Michael Barone, who recently moved from US News to the Washington Examiner, explains how:
The dealers are required to destroy the clunkers, which will reduce the supply and increase the price of spare parts for those low-income folks who can't afford to trade their clunkers in even with a $4,500 subsidy. So much for helping the poor.
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