Iowa Senator Tom Harkin Supports Cash For Clunkers

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Not much of a surprise, but Iowa Senator Tom Harkin is behind Cash for Clunkers and thinks lower? income families will especially benefit from it.

News Article from Radio Iowa

“Low-income Americans mostly are the ones who are driving those cars,” Harkin says. “They can’t afford to buy a new car. They can’t afford to get the credit. Even if they could come up with a small down payment, they can’t get the credit to buy a new car. And then you provide the demand pull. You get a couple million new cars off the inventory list. This might stimulate G-M to start and run its plants more this summer.”

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