“Cash for clunkers” great for auto,consumer confidence and green economy

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It turns out that the tackily named "Cash for clunkers" paltry 1B $ (now 3 B $ ) government program is doing more to cheer the American spirit than all the trillions in different types of bailouts.I have been wondering why the "Cash for clunkers"  is creating such excitement. Here are 5 reasons why:

  1. "Cash for clunkers" may sound tacky but is a clear and simple message.If you have a "clunker" you can get cash for it.
  2. Auto dealers are excited. There was an auto dealer on TV who has 61 deals going. For good measure he advised the audience to ask for proof of scrap value of the clunker and seek the credit from any dealer you go to.
  3. This is a great way to boost confidence of the wary consumer who has good credit to step into a auto dealer's show room. Auto dealers had become ghostly in the last few months.
  4. Demand at the dealer means more production at the auto plants and they sure need production. So do the auto ancillaries.
  5. Above all, the cause is to reduce pollution and that sounds like a great cause.
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