We’re Tripling The Clunkers Program
I feel so sorry for anyone who doesn’t have a beat-up old car that gets 18 mpg or less. They’re missing the party!
NEW YORK (CNNMoney.com) — The House on Friday passed a bill to allocate another $2 billion to the Cash for Clunkers program.
The move came after reports on Thursday had raised concerns that the program was out of money.
The bill which diverts $2 billion from a U.S. Department of Energy program loan guarantee program, passed 316-109. The bill will face tough opposition in the Senate which is not expected to vote before Monday.
“I’m pleased about the progress made in the House today about the cash for clunkers program,” said President Obama, in a speech immediately following the vote.
If Obama is pleased, I’m pleased.
- Aggie
judi said,
July 31, 2009 @ 2:48 pm
I’m surprised he is pleased. This program was designed to help the environment but, by mistake, it is actually stimulating the economy. Up until now they have been able to avoid even the stimulus package doing this.