Cash for Clunkers

I’m curious about how this bill is going to save the US auto industry–The Big Three that is.   After all, it is foreign owned companies that are producing the most fuel efficient cars–Honda, Toyota, etc.

Additionally, the bill does not allow people to trade in cars that are older than 25 years, cars which use the most fuel.

The fact that “efficiency” must be subsidized through the government ominously indicates that the fuel-efficiency is not a driving factor in new car purchases.  Products should not need government subsidies; the quality of a product should speak for itself.

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