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Old 08-05-2009, 03:08 PM
 
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WASHINGTON (AP) — Pressing colleagues to replenish the "cash-for-clunkers" program, Senate Majority Leader Harry Reid warned lawmakers they might miss their August vacation takeoff plans Friday if they don't quickly pass the $2 billion measure.

"If we don't work something out on the cash for clunkers," Reid said from the Senate floor Wednesday morning, he would file motions to close debate. That would kick off a time-consuming series of procedures that would push the debate into the coveted recess set to begin on Friday. Or the Senate could vote the House-passed version up or down, as is, and be done with it.

Senate will approve 'cash-for-clunkers' extension, Democratic and GOP leaders say -- chicagotribune.com
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Old 08-05-2009, 03:21 PM
 
Location: SE Arizona - FINALLY! :D
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Yeah, I think it will happen. Clearly the program is doing what it's meant to do - encourage sales of new cars and the removal of old gas guzzlers from the roads.

Ken
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Old 08-05-2009, 03:27 PM
 
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Quote:
Originally Posted by LordBalfor View Post
Yeah, I think it will happen. Clearly the program is doing what it's meant to do - encourage sales of new cars and the removal of old gas guzzlers from the roads.

Ken
~250,000 CFC vehicles/136,000,000 automobiles on the road = .002 percent of the total cars replaced by Cash for Clunkers (costing us $1B). Short of dedicating nearly the entire stimulus to the program, the impact will be negligible.
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Old 08-05-2009, 03:40 PM
 
Location: SE Arizona - FINALLY! :D
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Quote:
Originally Posted by AeroGuyDC View Post
~250,000 CFC vehicles/136,000,000 automobiles on the road = .002 percent of the total cars replaced by Cash for Clunkers (costing us $1B). Short of dedicating nearly the entire stimulus to the program, the impact will be negligible.
Looks to me like you are off by a factor of 100. It's not .002 percent - it's .2 percent.
Still a small percentage of the cars admittedly, but it's still 250,000 old junkers gone and 250,000 new ones sold.

Ken
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Old 08-05-2009, 04:16 PM
 
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and that 250,000 number will no doubt swell...
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Old 08-05-2009, 04:21 PM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 24,581,849 times
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Originally Posted by Dukester View Post
and that 250,000 number will no doubt swell...
Yup - likely TRIPLE.

Ken
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Old 08-05-2009, 07:07 PM
 
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This indeed is good news. It gets gas guzzlers off the road and more clean fuel efficient vehicles on the road. It put's people back to work and it is definitely a win win situation for all parties involved.
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