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	<title>EconomyBeat.org &#187; cash for clunkers</title>
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	<itunes:summary>Podcast highlighting public radio coverage of the economy, the recession, employment, the mortgage crisis and health care issues.</itunes:summary>
	<itunes:author>Roman Mars</itunes:author>
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		<title>EconomyBeat.org &#187; cash for clunkers</title>
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		<title>Clunker love</title>
		<link>http://economybeat.org/auto-industry/clunker-love/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=clunker-love</link>
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		<pubDate>Fri, 21 Aug 2009 19:46:55 +0000</pubDate>
		<dc:creator>Jon Brooks</dc:creator>
				<category><![CDATA[auto industry]]></category>
		<category><![CDATA[economic philosophy]]></category>
		<category><![CDATA[living the recession]]></category>
		<category><![CDATA[cash for clunkers]]></category>

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		<description><![CDATA[The Cash for Clunkers program is ending on Monday. Although a lot of people took advantage of the government subsidy to trade in their low gas-mileage car for a more fuel efficient one, many seem to have done so with a good dose of regret and a whole lot of anthropomorphizing. Here&#8217;s a guy, for [...]]]></description>
			<content:encoded><![CDATA[<p>The Cash for Clunkers program is ending on Monday. Although a lot of people took advantage of the government subsidy to trade in their low gas-mileage car for a more fuel efficient one, many seem to have done so with a good dose of regret and a whole lot of anthropomorphizing. Here&#8217;s a guy, for instance, who writes as an intro to his YouTube video called &#8220;<a href="http://www.youtube.com/watch?v=VhsOEpn1_Jw&amp;feature=fvw">The End of the Muscle Car, Goodbye Old Friend</a>&#8220;:</p>
<blockquote><p>
got a new CAR! but have to give up an old friend to do it, Obama offered me 4500.00 for it, i feel like a cheap prostitute cause i jumped at the money.
</p></blockquote>
<p>And <a href="http://www.youtube.com/user/promise383"><strong>here&#8217;s a guy</strong></a> who seems to be in charge of making sure traded-in clunkers will never put rubber to road again. He has documented <a href="http://www.youtube.com/profile?user=promise383&amp;view=videos&amp;sort=v"><strong>dozens of such mercy killings</strong></a> and enjoys his job as the Dr. Kevorkian of polluting vehicles about as much as any pet owner who has to accompany his sick dog or cat on that final journey to the vet. &#8220;As much as I don&#8217;t like doing this, I gotta do it,&#8221; he laments before he administers a fatal dose to the engine of a <a href="http://www.youtube.com/watch?v=Z6adIhjJbWk">Ford Explorer</a>. &#8220;It&#8217;s fighting,&#8221; he says of a <a href="http://www.youtube.com/watch?v=jaXejRRq4X8&amp;feature=channel_page">Cadillac Deville</a> that refuses to seize up.
<p />
<p><span id="more-439"></span><br />
Of course, there&#8217;s always the exception to the rule. The owner of this <a href="http://www.youtube.com/watch?v=oBDgX6YZvoo">1994 Ford Ranger</a> hoots and hollers gleefully during the &#8220;clunker-bombing&#8221; of his car.</p>
<p />
So here&#8217;s hoping all of your clunkers, no matter their gas mileage, rest in peace in that great big junkyard in the sky&#8230;</p>
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		<title>Cash-for-clunkers mania</title>
		<link>http://economybeat.org/auto-industry/cash-for-clunkers-mania/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=cash-for-clunkers-mania</link>
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		<pubDate>Tue, 04 Aug 2009 22:36:50 +0000</pubDate>
		<dc:creator>Jon Brooks</dc:creator>
				<category><![CDATA[auto industry]]></category>
		<category><![CDATA[cash for clunkers]]></category>

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		<description><![CDATA[Before the Cash for Clunkers program got under way, many bloggers wrote about its  imminent failure. The title of a typical clunker-debunker post read something like  &#8220;Why &#8216;Cash For Clunkers&#8217; Won&#8217;t Work&#8221; and went on to elucidate the failed logic of attempting to incentivize the lemon-driving population. As it turned out, eager recipients of the [...]]]></description>
			<content:encoded><![CDATA[<p>Before the <a title="Cars.gov" href="http://www.cars.gov/">Cash for Clunkers program</a> got under way, many bloggers wrote about its  <a title="Living Car Free: Why Cash for Clunkers Won't Work" href="http://livingcarfree.wordpress.com/2009/06/30/why-cah-for-clunkers-wont-work/">imminent failure</a>. The title of a typical clunker-debunker post read something like  &#8220;<strong><a title="Cutting Through the Fog: Why Cash for Clunkers Won't Work" href="http://cuttingthroughthefog.blogspot.com/2009/06/why-cash-for-clunkers-wont-work.html">Why &#8216;Cash For Clunkers&#8217; Won&#8217;t Work</a></strong>&#8221; and went on to elucidate the failed logic of attempting to incentivize the lemon-driving population.</p>
<p>As it turned out, eager recipients of the $3500 or $4500 government subsidy—offered for trade-ins of low-gas mileage vehicles for a more fuel efficient ride—used up the original $1 billion appropriation within a few days. The House then overwhelmingly approved an additional $2 billion to replenish the kitty, and Senate majority leader Harry Reid <a title="LA Times: Senate majority leader promises additional cash for clunkers funding soon" href="http://www.latimes.com/business/la-fi-clunkers5-2009aug05,0,4724324.story">says the Senate will do the same</a> this week.</p>
<p>By most accounts, the program has been a <a title="Morningstar: Will Cash for Clunkers Keep the Auto Industry Rolling?" href="http://finance.yahoo.com/news/Will-Cash-for-Clunkers-Keep-ms-1408596194.html?x=0&amp;.v=1">success</a>.  Yesterday, Ford reported its first sales increase since 2007, which it attributed in part to the clunker deals, and July sales for the entire industry rang up at an 11-month high. Furthermore, according to Morningstar,  almost half of the new cars bought were from U.S. automakers.</p>
<p>As usual, though, anything related to government spending is going to be spun according to pre-determined beliefs. The Wall Street Journal, true to form, called this further foray into governmental problem solving  &#8220;<a href="http://online.wsj.com/article/SB10001424052970204313604574326531645819464.html">Crackpot Economics</a>.&#8221; That editorial drew <strong><a title="Wall St. Journal user comments" href="http://online.wsj.com/article/SB10001424052970204313604574326531645819464.html#articleTabs%3Dcomments">194 comments online</a></strong>, most of which, to say the least, did not express undying gratitude for the latest in state largesse. And Another upholder of free enterprise weighed in, too:<br />
<em>Ron Paul doesn&#8217;t like Cash for Clunkers</em></p>
<p>Of course, the Keynesian crowd has taken to the keyboard as well. Over at the Huffington Post, one blogger writes about &#8220;<strong><a href="http://www.huffingtonpost.com/dave-johnson/conservative-hating-on-ca_b_250337.html">Conservative Hating on Cash-for-Clunkers</a></strong>.&#8221; The PoliticalBuzz blog claims the program has &#8220;<strong><a title="Political Buzz: Cash for Clunkers Success Saves Auto Industry" href="http://political-buzz.com/2009/08/03/cash-for-clunkers-success-saves-auto-industry-while-republicans-take-aim/">saved the auto industry</a></strong>.&#8221;</p>
<p>If you really want to get your clunk on, click on over to Twitter and keep hitting refresh on the <strong><a title="Twitter: #clunkers" href="http://twitter.com/#search?q=%23clunkers">#clunkers</a></strong> feed, or just do a <strong><a title="Twitter: Cash for Clunkers search" href="http://twitter.com/#search?q=cash%20for%20clunkers">search</a></strong>. There&#8217;s also plenty of opinion to go around on <strong><a href="http://www.facebook.com/home.php#/s.php?init=q&amp;q=cash%20for%20clunkers&amp;ref=ts">Facebook</a></strong>.  And the <strong><a title="Flickr: The Clunkers Pool" href="http://www.flickr.com/groups/1142003@N25/pool/">Flickr Clunkers Pool</a></strong> makes for interesting viewing. Browse it to an internal sound track: <a href="http://www.flickr.com/photos/fotoedge/3782393493/in/pool-1142003@N25">clunk</a>, <a href="http://www.flickr.com/photos/8492055@N08/2980071923/in/pool-1142003@N25">clunk</a>, <a href="http://www.flickr.com/photos/felixtcat/2157571579/in/pool-1142003@N25">clunk</a>&#8230;</p>
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