Will Cash for Clunkers Be Good for the Environment?

Here is a recent article from the Christian Science Monitor about Cash for Clunkers and the environment.



In the tale of Aladdin, the young hero is tempted by an enticing pitch to swap his old, but magical, lamp for a new one.

The US government may soon be offering Americans another swap they may find hard to resist: cash toward a new car or truck if they’ll promise to send their old vehicle to be crushed into scrap metal. It’s being pitched as a win for both the economy and the environment.

In a March 30 speech, President Obama endorsed using part of the $787 billion economic stimulus package to fund what’s being called a “cash for clunkers” plan. Several such bills now are being considered by the US Congress.