The federal government’s Cash for Clunkers auto trade-in program has become a victim of its own popularity, running low on funds far earlier than expected. The House of Representatives has voted to extend Cash for Clunkers, but its fate is now in the hands of the Senate. Is the program a boon for the economy and the environment? Or is it, as some critics contend, simply another auto industry bailout?
Guests:
Brian Maas, director of government affairs for the California New Car Dealers Association
Mike Ribeiro, sales manager for San Francisco Honda
Jeffrey Miron, director of undergraduate studies in the Department of Economics at Harvard University
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