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Politics : A US National Health Care System?
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To: longnshort who wrote (10753)10/27/2009 10:30:12 AM
From: Mary Cluney  Read Replies (2) of 42652
 
<<<how did that help the economy ?? 3 billion wasted.>>>

Pre crash car industry was selling at 17mm annual rate. Replacement rate is believed to be 13mm. At time of clunkers program, cars were selling at 9mm annual rate.

Cash for clunkers were targeted at the very frugal and responsible car buyers. They normally kept their cars for 10-15 years. CfC program gave these buyers incentive to go into their piggy banks or under their mattresses to purchase 700,000 cars when the economy really, really needed a boost. Saved jobs and generated much more than $3B in taxes.
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