Stimulus: U.S. government-issued Car Grant ($15,000)
Qualifying Recipients--U.S. citizen owner of car that is more than 10 years old, registered and running.
Program Limits--First 10 million cars
Primary Benefits
- Market-based "pull" versus bailout manufacturer "push"
- Moves stalled inventory (circulation)
- Economic stimulus for: automakers, auto dealers, localities
- Dramatic reduction in polluting emissions from older vehicles
- No blank check to weak industry management
- Not dependent on other systemic weakness: Credit Industry
Secondary Stimulus Program
- Tune and refit, emissions test, reclaimed vehicles for secondary market or scrap
Downside
- Readers?
Qualifying Recipients--U.S. citizen owner of car that is more than 10 years old, registered and running.
Program Limits--First 10 million cars
Primary Benefits
- Market-based "pull" versus bailout manufacturer "push"
- Moves stalled inventory (circulation)
- Economic stimulus for: automakers, auto dealers, localities
- Dramatic reduction in polluting emissions from older vehicles
- No blank check to weak industry management
- Not dependent on other systemic weakness: Credit Industry
Secondary Stimulus Program
- Tune and refit, emissions test, reclaimed vehicles for secondary market or scrap
Downside
- Readers?
