Perhaps “Clunkers” Flunks the Reason Test After All
A dissenting view on the “Cash for Clunkers” program. Perhaps I was overstating the case when I said that many conservatives support the program.
Ed Markey writes at the Huffington Post that the “Cash for Clunkers” program shows that green economy initiatives are good for the economy. This is a bit of a stretch, I think. Cash for Clunkers is not ‘working’ (to the extent that it is) because it is green. It is working because it effectively puts money back in the hands of taxpayers, giving them money that must be spent, and spent quickly, but that benefits them, puts money quickly back into the economy, and supports the auto industry. It would work just as well if there were no stipulation that one must get a car of higher fuel efficiency.