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cash for clunkers
Obama Pushes 'Cash for Caulkers'
By Tamara Lytle - AOL NewsWASHINGTON (Dec. 8) -- Cash for Caulkers may stick as the name. But a program proposed Tuesday by President Obama would give rebates to homeowners for a much broader range of projects to cut energy usage – like insulation, efficient appliances and new windows. And just like the Cash for Clunkers program for people who traded in gas-guzzling cars, the new plan aims to create jobs as well as improve the environment. "I'm calling on Congress to consider a new program to provide incentives for consumers who retrofit their homes to become more energy efficient, which we know creates jobs, ...
Old Truck for New Truck the Most Common Cash-for-Clunker Trade
By Christopher Weber - Politics DailyOf the thousands of Americans who took advantage of the government's $3 billion Cash for Clunkers program, most reportedly replaced old pickup trucks with new ones. A high percentage of the new trucks purchased in the program, designed to put more fuel-efficient cars on the road, get "only marginally better gas mileage" than the ones they replaced, according to an Associated Press analysis. The report looked at sales of $15.2 billion worth of vehicles at nearly 19,000 car dealerships. More than 8,200 buyers traded in an old Ford F150 pickup for a newer version of the same model, making it ...
'Cash for Caulkers' Program, Infrastructure Bank Proposed
By Joann M. Weiner - Politics DailyRiding on the recent success of the Cash for Clunkers program that gave U.S. consumers an incentive to replace their gas-guzzling cars with fuel-efficient ones, the president is considering a program that would encourage Americans to improve the energy efficiency of their homes. John Doerr, a venture capitalist with Kleiner Perkins Caulfield & Byers, proposed creating a Cash for Caulkers program to encourage Americans to improve their homes' efficiency. Doerr made the suggestion at Monday morning's meeting of the President's Economic Recovery Advisory Board (PERAB). ...
Clunkers Program Ends Monday Night
By Patricia Murphy - Politics DailyClunker junkers need to get busy. Transportation Secretary Ray LaHood announced Thursday that the popular cash for clunkers program will end at 8 p.m. Monday. LaHood said that the government is working toward "an orderly wind down" of the program after its success surprised even its biggest boosters.Consumers blew through the $1 billion set aside for the rebate program so quickly that Congress moved weeks ago to add an additional $2 billion to extend it through its original November deadline. But nearly 500,000 cars and trucks later, the cash for clunkers is poised to end. ...
White House to Bring 'Cash for Clunkers' to a Close
By David Knowles - Politics DailyA look at the numbers shows that "Cash for Clunkers" has been an incredible hit with car buyers and automakers. More than 435,000 new cars have been sold. Ford notched its first monthly sales increase in more than two years. GM sold 70,000 more vehicles in August than it had originally projected, and 1,350 workers were reinstated at its plants to help build new cars to fill a sudden inventory shortfall. At its August peak, the program helped move 30,000 cars each day in the U.S. But, alas, all good (and costly) things must come to an end. ...
'Cash for Clunkers' Back on the Road with Senate's $2 Billion
By Patricia Murphy - Politics DailyThe Senate, by a 60-37 vote, passed a measure Thursday to add another $2 billion to the popular gas guzzler trade-in program, "cash for clunkers." Because 60 votes were needed to pass the bill, Senate Majority Leader Harry Reid (D-Nev.) said earlier that he was not certain it would survive, "because nothing is ever certain in the Senate." Congress originally passed cash for clunkers this summer. Owners of older gas guzzlers can receive up to $4,500 toward the purchase of a new, more fuel-efficient vehicle. After word came last week that the clunkers program had nearly run through its $1 ...
Cash for Hummers: Taxpayers Foot the Bill for Guzzler Upgrades
By Patricia Murphy - Politics DailyWhen the House passed the $2 billion addition to "Cash for Clunkers" last week, President Obama touted the environmental benefits of the soon-to-be $3 billion taxpayer funded program, promising it will "help lessen our dangerous dependence on foreign oil, while reducing greenhouse gas emissions and improving the quality of the air we breathe." But will buying a new Hummer H-3, Chevy Suburban or Ford F-250 Super Duty pickup really reduce America's craving for crude? Somebody thinks so, because they're all eligible new cars under the Cash for Clunkers program, which gives a $3,500 to $4,500 ...
House Throws $2 Billion More Cash at Clunkers
By Patricia Murphy - Politics DailyAs Bob Franken wrote earlier, money for the "cash for clunkers" program is moving faster than a Prius on Highway 1. So the House voted Friday, 316 to 109, to throw a $2 billion lifeline to the surprisingly popular gas guzzler trade-in program. ...
'Cash for Clunkers' Starts Today
By David Knowles - Politics DailyThinking of trading in your old gas-guzzling car for a new, fuel-efficient model? Well, today is the day you've been waiting for. Under the federal government's Car Allowance Rebate System (CARS), you can receive a credit of between $3,500-$4,500 when you hand over your clunker and purchase a more environmentally friendly car.The $1 billion plan was designed to kill two birds with one stone, aiding a struggling auto industry with much needed sales, and replacing a wasteful fleet with cars that don't use as much gasoline. So, who qualifies, and how much money, exactly, will be handed out? Via ...
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