Cash-for-clunkers deals will boost sales. And mindless manufacturing.
By Matthew DeBord of The Big Money
After some legislative back-and-forth, it looks as if America will finally get a “cash for clunkers” program. The proposal making its way through Congress would give buyers a $4,500 incentive to trade in older cars for new vehicles that offer better gas mileage and spew fewer pollutants. Struggling automakers love the idea. The only way the U.S. car industry will get off its back is if it starts moving some iron. You can’t really prove viability if no one is buying your product.
