MSNBC: Cash for clunkers

Lou Ann Hammond, CEO, www.carlist.com, talks about cash for clunkers (c4c) on MSNBC with Alex Witt.

The Cash for clunkers program was so popular that it ran out of gas the first week it started.

Was I surprised that the CARS program ran out of money so quickly? No, I had said from the very first stimulus bill, Let them (wall st) rot in the hell they created. If you want to stimulate the economy don’t give it to the immoral laggards that caused the problem. Give it to people that will spend the money in the economy.

Is this program a success for the government?  yes, for cities, counties and consumers. It will also help the auto manufacturers as well. There are new cars on the lot and people will be out looking at them.

The CAR Allowance Rebate System (CARS) is back on the road with $2 billion more from the government.

By | 2017-03-22T08:05:41+00:00 August 10th, 2009|Categories: Auto industry news, Automobiles and Energy, Video, youtube.com|0 Comments

About the Author:

Lou Ann Hammond is the CEO of Carlist and Driving the Nation. She is the co-host of Real Wheels Washington Post carchat every Friday morning and is the Automotive, energy correspondent for The John Batchelor Show and a Contributor to Automotive Electronics magazine headquartered in Korea. Hammond is a member of the North American Car and Truck of the Year (NACTOY), Women's World Car of the Year (WWCOTY), and the Concept Car of the Year.