Cash for Clunkers: Buckets of Bolts for the Low, Low Price of $1 Billion

Pasadena Weekly | July 13, 2009
Theoretically the Car Allowance Rebate System (CARS) -- aka "Cash For Clunkers" -- sounds like a swell idea. But it's also pretty pie-in-the-sky. I'm not the first to notice that this bill assumes that there are lots of people driving around a car that is worth less than $4,500 and can actually afford a new car.

Pasadena Weekly

For more than 20 years the Pasadena Weekly has reigned as the San Gabriel Valley's newsweekly of record. Located just minutes from Downtown Los Angeles, the city of Pasadena is perhaps best known nationally for a certain flower-oriented parade and...
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