Senator Harry Reid of Nevada, the Senate Majority Leader, told his colleagues that, unless they wanted to miss some of their August vacation, they better get moving on extending the “Cash for Clunkers” program. According to the AP, it looks like his push is working (see link below). The Senate is scheduled to leave this Friday.
The House, before leaving for their recess, already approved $2 billion more to extend the popular program which gives qualified buyers up to $4,500 for their gas-guzzling trade-in.
Even though people like Glenn Beck call these trade-in’s, which get less than 18 MPG, “perfectly good cars,” the “Clunkers” program is not only getting older inefficient vehicles off the road, it is also spurring the economy!