Automobile sales are slow. Around here, local car dealers are offering 1% financing, 0% financing, leases, and even their own version of Cash for Clunkers. $4,500 off, supposedly. Heh.
Last year, I thought Cash for Clunkers was a fair stimulus plan but not much of an environmental benefit. From what I read, many customers traded in their clunkers for what I considered slightly newer clunkers, SUVs and trucks, with only slightly better mileage. Supporters argued that even a small improvement in mileage was significant, but I had a more aggressive agenda.