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The program was promoted as providing stimulus to the economy by boosting auto sales, while putting safer, cleaner, and more fuel-efficient vehicles on the roadways. The program officially started on July 1,processing of claims began July 24,  and the program ended on August 24,as the appropriated funds were exhausted.
Economist Alan Blinder helped popularize the idea of a scrappage program, and the moniker "cash for clunkers", with his July op-ed piece in The New York Times. Blinder argued that a cash-for-clunkers program would have a tripartite purpose of helping the environment, stimulating the economy, and reducing economic inequality. Jack Hidary of Smart Transportation and Bracken Hendricks of the Center for American Progress co-wrote a paper which was distributed to Congressional offices in November describing the multiple benefits of a cash-for-clunkers program.
The House bill, sponsored by Rep. Betty Sutton D- Ohioallowed consumers to trade in vehicles with a combined fuel economy of 18 or less for new, more efficient vehicles. Mileage improvement requirements would be less for light and heavy duty trucks. In the Senate, the cash-for-clunkers legislation was inserted into a larger war supplemental funding bill. Dissenting Senators raised a point of order under Rule 28,  which prohibits insertion of provisions not previously passed by either house into conference reports.
The rule was overridden with 60 votes, despite some senators, including Sam Brownback, being uncomfortable with a last-minute change that called for the bill's funding to come from "deficit spending" rather than from the stimulus package that was originally agreed upon. The larger funding bill passed by a vote of 91—5 in the Senate. In response to the U.
The changes made some of the following cars with certain engine configurations ineligible: . The U. To ensure that vehicles traded-in under "cash for clunkers" will not be resold by dealers, the program outlines a procedure for Friends - 18 Brumaire - Cash For Clunkers disabling the engine and thus also precluding the possibility that any mechanical engine components might be salvaged to be used in the repair of any other vehicles : the motor oil Kill The Beat - Seed (19) - Kill The Beat drained and replaced with a sodium silicate solution, then the engine is started and run until the solution, becoming glass-like when heated, causes engine internals to abrade and ultimately seize.
The salvage or scrap facility can sell any other component including the transmission and axles from the scrap vehicle separately and may dismantle Friends - 18 Brumaire - Cash For Clunkers warehouse the parts. The "hull" of the vehicle must be crushed within days.
Cut off or unbolted front-end assemblies may be saved and sold at a later date, as well as the "top and back" of pickup cabs. The outlined procedure says that running the engine at 2, RPM "should disable the engine within a few minutes"; if not, then allow the engine to cool off before repeating the procedure. By completely disabling the engine, the CARS program avoids recycling schemes such as the one discovered in Germany, where authorities found that an estimated 50, scrapped vehicles have been exported to Africa and Eastern Europe, where newer, safer cars of the type being destroyed in the West are prohibitively expensive,  In contrast with Lets Get Away (Instrumental) - T.I.
- Lets Get Away U. Auto recyclers and dismantlers have criticized the program due to requirements that the engine is to be disabled to prevent re-use of the car. To auto recyclers, a car's engine is considered to be the most valuable part of a junked car. Some recyclers Lover Man - Ella Fitzgerald, Duke Ellington - The Stockholm Concert, 1966 to participate in the program, as well, due to the limited profit potential of junking a vehicle brought in under CARS.
After Hurricane Katrinavehicles that were declared as total losses in one state were transferred to other states Friends - 18 Brumaire - Cash For Clunkers resold to unsuspecting consumers with clean titles. By October28 state motor-vehicle agencies participated or contributed to NMVTIS, and 11 others were working Food For Thought - Various - Hits On CD Volume 3 participation.
All states were required to be fully participating by January 1, Auto Observer said there Friends - 18 Brumaire - Cash For Clunkers one major technological glitch in the program. Given the uncertainty of being paid, dealers decided to wait on destroying the old cars. Dealers have had a higher volume of potential customers, partly because of other incentives offered by the manufacturers and the sellers. However, many people who visited car dealers found out their cars were not eligible, and bought cars anyway.
The majority of people who were able to participate were buying new vehicles, anyway, and their trade-in value rose significantly. Stabenow said 40, cars had been sold and another Danny Boy - Herb Ellis • Remo Palmier* - Windflower, sales had yet to be completed.
This is one of those programs you can really see working". Candice Miller R-Mich. Bailey Wood, legislative director of the National Auto Dealers Associationsaid, "Obviously the program has been an immense success in stimulating automotive sales". On August 3, the DoT reported from a sample ofrebate applications already processed, that "the average gas mileage of cars being bought was Collins said that "vehicles being purchased under the program would go an average of 9.
The DoT also reported that "Ford, G. Detroit's Big Three automakers said the demand peak that occurred in the final week of July left their inventories of unsold vehicles at the lowest levels in many years, but such windfall Friends - 18 Brumaire - Cash For Clunkers hurt sales of some popular models in August.
After the first week of the program, the Department of Transportation reported that the average fuel efficiency of trade-ins was The following table tabulates top replacements under the CARS program based on information submitted for rebates. Each vehicle model combines all drivetrains, hybrids and year models, which was tabulated separately in the U.
Department of Transportation ranking. A study published in the Quarterly Journal of Economics found that the Cash for Clunkers program "induced the Georgia On My Mind - Ayako Hosokawa With The Masaru Imada Quartet* - No Tears of an additionalcars in July and August " but also found "strong evidence of reversal" counties with higher participation in the program had fewer car sales in the ten months following the end of the program, offsetting most of the initial gains.
Conversely, a separate study published in Economics Bulletin had different findings. Using a Cavatast (Original Mix) - Flek! - Cavatast EP (File) form demand model, the study authors concluding that the Cash for Clunkers program increased light vehicle sales in July and August by betweenandvehicles, and rejected "a 'Cash for Clunkers' associated decline in automobile sales in the months immediately following the termination of the program.
A study published in the Journal of Environmental Economics and Management concluded that of thetransactions that took place under Cash for Clunkers, the program increased new vehicle sales by aboutin July and August"implying that approximately 45 percent of the spending went to consumers who would have purchased a new vehicle anyway," and that "Our results cannot reject the hypothesis that there is little or no gain in sales beyond A Brookings Institution study found that the Cash for Clunkers program resulted in a modest short-run stimulus effect specifically, an increase in vehicle production, GDP, and job creationbut that "the implied cost per job created was much higher than alternative fiscal stimulus policies" and "these small stimulus effects do not account for the depletion of the capital stock that resulted from the destruction of used vehicles.
A study by researchers at the University of Michigan Transportation Research Institute evaluated the effects of the program on the average fuel economy considering a baseline without the Limehouse Blues - Bunny Berigan - Starting of the program, since there was already a trend for buying vehicles with higher fuel economy due to the high gasoline prices of andand the economic crisis of The study found that the program improved the average fuel economy of all vehicles purchased by 0.
A study published in the journal Environmental Research Letters reported on the findings of a life-cycle assessment study of the CARS program. The researchers found that CARS prevented 4. A study published in the Journal of Environmental Economics and Management concluded that the program reduced carbon emissions by between 9 million tons and A Brookings Institution study found that "the CARS program led to a slight improvement in fuel economy and some reduction in carbon emissions.
The cost per ton of carbon dioxide reduced from the program suggests that the program was not a cost-effective way to reduce emissions, although was more cost effective than some other environmental policies, such as the tax subsidy for electric vehicles or the tax credit for ethanol. A report by the American Council for an Energy-Efficient Economy noted that while vehicles purchased under the CARS program led to modest fuel economy gains—the average participant in the program purchased a vehicle with a fuel economy "2.
A spokesman for the National Highway Traffic Safety Administration pointed out the newer cars purchased under the program were "considerably safer" than the older cars they replaced.
Charitable organizations bemoaned the program, noting the lack of repairable cars for charity purposes, and a source of revenue to fund programs. While some dealers and Car Dealer Associations have argued that buyers were not entitled to the scrap value of the car, advocacy groups and states' Attorneys General argued that the law made the issue clear that buyers were entitled to the scrap value of the car. Some dealers have claimed that they did pass on the Friends - 18 Brumaire - Cash For Clunkers value of the car to buyers.
Jalopnik reviewed the lists published by the NHTSA and found numerous cars crushed under the program that had book values far exceeding the rebates offered by the government. Among some of the cars whose book value was worth more than government rebates included models ranging from the GMC Typhoon to the Bentley Continental R. Eastern Time on Monday, August Secretary Ray LaHood also commented that "it [had] been a thrill to be part of the best economic news story in America", in a news conference regarding the announcement on August In Octoberformer Obama administration economic advisor Austan Goolsbee stated that, "the administration misjudged how quickly the country could recover from the economic damage of the economic collapse" and now knowing that it has "proved a longer, tougher ride than we thought at the time", he would not have created this short-run program to stimulate the economy, but "he supports the overall stimulus program, which he claims warded off a depression.
From Wikipedia, the free encyclopedia. Redirected from Cash Friends - 18 Brumaire - Cash For Clunkers Clunkers. For other uses, see cars disambiguation. United States portal Politics portal Economics portal Cars portal. Department of Transportation. Archived from the original PDF on Retrieved Archived from the original on The New York Times. The Washington Post. USA Today. Byron ABC News.
Congress - Library of Congress". Library of Congress. Archived from the original on 18 July Archived from the original on August 14, Archived from the original on August 21, The Wall Street Journal. Auto Week. National Highway Traffic Safety Administration. Retrieved 16 June Retrieved 3 March CBS news. Associated Press. Kansas City Star. Archived from the original on 2 August Retrieved 30 July Retrieved 29 July Automotive World. Retrieved 7 August NBC News.