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  • cash for clunkers

    Cash for Clunkers Gimmick? Former Obama Adviser Wouldn't Do It Again

    It sounds like a former Obama Administration official is changing his tune on two of the President’s early stimulus efforts. Austan Goolsbee, former chairman of President Obama’s Council of Economic Advisers, says that in retrospect he would not have supported the Cash for Clunkers program or the home buyer tax credit. Politico reports: … More

    How Much "Cash for Caulk" Do We Need?

    Congress is back, but before Members head home again to campaign, they have to first do what they do best: spend other people’s money. Today, Congress will vote on the Rural Energy Savings Program Act, H.R. 4785—a bill that would authorize $5 billion over five years for the Department of … More

    New Study Says Cash for Clunkers Was … a Clunker

    The White House hailed last year’s “cash for clunkers” program as a successful government initiative that stimulated the economy, particularly the ailing auto industry. It provided $3,500–$4,500 rebates to consumers who purchase more fuel efficient cars and trade in their old vehicles, which dealerships then destroyed. President Obama’s economic team … More

    Morning Bell: Liberalism is Failing

    On Tuesday, the National Association of Realtors reported that July sales of existing homes fell by 27% from June of this year and by 25.5% compared to July 2009. This annual sales rate of 3.83 million homes was the lowest since NAR began keeping track of sales in 1999. Then … More

    Cash for Caulkers: Another Subsidized Clunker

    This week The House of Representatives is set to vote on a, $6.6 billion home energy efficiency bill commonly referred to as “cash for caulkers.” The plan would give rebates to homeowners willing to green their homes by installing new windows and retrofitting homes energy efficient upgrades. The legislation, H.R. … More

    Heal the Economy, Start Over on Health Care Reform

    As the economy sputters and falters the questions coming up time and again are: What should Obama do? What can Congress do? They’ve tried spending their way to prosperity and as today’s jobs numbers show, 3.5 million jobs lost since Obama took office and an unemployment rate that shot up … More

    Fore! Cash for Clunkers Hits the Links

    This is not a new story from the Wall Street Journal, but certainly one worth noting: “We thought cash for clunkers was the ultimate waste of taxpayer money, but as usual we were too optimistic. Thanks to the federal tax credit to buy high-mileage cars that was part of President … More

    Cash for Clunkers: The Bus Version

    TIGGER: It’s not just a character from Winnie the Pooh. It also stands for the Department of Transportation’s Transit Investments for Greenhouse Gas and Energy Reduction or in other words: cash for buses. The DOT “has spent nearly half its $100 million grant budget to replace diesel buses with cleaner … More

    Cash for Clunkers Comes Crashing Down

    What goes up must fall just as hard. Case in point: cash for clunkers: The dramatic decline in sales reported Thursday by the Big Three automakers suggested the extent to which the stimulus act has propped up the economy. The government’s wildly popular “Cash for Clunkers” program drove consumer spending … More

    President Obama Doesn’t Want to Run the Auto Industry - But He Continues To Do It

    At a speech at a General Motors Assembly plant in Lordstown, Ohio, President Obama restated his regret for government interference in the auto industry claiming the decision was out of necessity rather than choice. In what many called a campaign-like speech, the President asserted: As I’ve said before, I didn’t … More