Cash for Clunkers?

The Cash for Clunkers program is just what it sounds like. Car dealers will take money off you new car payment if you trade in your old car. But is it really a good thing?



This program has increased the purchase of cars in this time of recession, but what does buying cars do? Buying cars puts money back in the economy, get the free cash flowing. The companies can make more money, hire more people, and therefore spread the wealth throughout the working class. It stimulates the economy on a small scale, encourages people to buy in stead of saving their money. It also gets more modern cars on the road, taking off cars with bad gas millage which pollute the air. As long as the production of the new cars are clean and the waste from clunkers is properly recycled. While it promotes a capitalist economy, which is questionably good depending on what point you are looking form, it also helps the economy right itself and, depending on production and breakdown, help the environment. So, yes Cash for Clunkers is a good program.