Last week, the US House of Representatives approved an additional $2 billion for the Cash for Clunkers program, in which consumers can receive a rebate up to $4,500 when they trade their old(er) car in for a brand new car. The U.S. Senate must still approve the bill.
Over the past decade, Amtrak has had to make do with about $1.2 billion in annual funding. Transit systems nationwide, who often provide the only transportation for the working poor, are hiking fares and cutting service. People who already own working cars, however, get a very substantial cash benefit with absolutely no concession expected from them.
Paul Dorn promised some thought on Cash for Clunkers also, though he hasn’t posted them yet (as of Sunday afternoon). He vented some of his thoughts on a discussion list so I hope he’ll publish them in a more public forum.
Holy Man: “Don’t give me any guff about transit and cyclists not paying their fair share, when the government is subsidizing private car ownership.”
SF Streetsblog: “The “cash for clunkers” rebate program, which promises new auto buyers up to $4,500 for fuel-efficiency upgrades as small as 2 miles per gallon, is back to life after burning through $1 billion in taxpayer cash.”
Green Grok analyzes the life cycle breakdown of how Cash for Clunkers works out.
World News Daily Blog: Cash for Clunkers benefits disappointing.
Baltimore Spokes: Your tax dollars at work to sell more horse and buggy whips.