Tuesday, June 09, 2009

Cash for Clunkers is a Joke

Owners of sport-utility vehicles, pickup trucks or minivans that get 18 mpg or less could receive a voucher for $3,500 if their new truck or SUV is at least 2 mpg higher than their old vehicle. The voucher would increase to $4,500 if the mileage of the new truck or SUV is at least 5 mpg higher than the older vehicle. Consumers could also receive vouchers for leased vehicles.

Wall Street Journal

Pure corporate welfare that will do nothing to protect the planet.

1 comment:

Mark said...

I'm stunned. These sums could provide a transit user with years worth of free mobility -- and would certainly incentivize at least a few drivers to switch to transit. Don't transit systems provide jobs too?