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Saturday, August 01, 2009

Trickle-Up Clunkers Program A Wild Success

Detroit News Excerpt:
"It's a huge success," Ken Czubay, Ford's U.S. sales and marketing chief, told reporters Thursday.
WKOW Excerpt:
Late Friday, Senator Russ Feingold in a statement said he supports expanding the program, calling it a bigger success than anyone predicted.
Caffeinated Politics Excerpt:
Talk about a federal program that worked! Wow! The ‘cash for clunkers’ program aimed to stimulate the economy, and help the environment took off like a rocket and is close to running out of money in just days. As such I think it essential that Congress allocate another huge chunk of money for this program.

JG Excerpt:
President Barack Obama said the program has "succeeded well beyond our expectations" and praised the House for moving quickly to establish new financing. "This is a test drive," Rep. Steve Israel, D-N.Y., said of the program, "and people bought it big time." Bell, in Glen Burnie, said the rebates have "pulled forward a tremendous market."
Fox news Excerpt:
Rep. Candice Miller, R-Mich., wrote in a letter to House leaders on Wednesday requesting additional funding for the program. "This is simply the most stimulative $1 billion the federal government has spent during the entire economic downturn," Miller said Thursday.
The $1 billion program sparked over $3 billion more in economic activity in less than a week. Republican Rep. Paul Ryan voted against it, calling the program poorly designed and another burden on the national debt.

RockNetroots On Tweeter – “Cash for Clunkers? Is that a new Wall Street PAC to jumpstart the Republican Party?”

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