Constructive criticism of the "Cash for Clunkers" bill

The Consumer Assistance to Recycle and Save (CARS) Program (also known as “Cash for Clunkers”) will receive at least $1 billion in funding this year now that Congress has passed the $106 billion Iraq and Afghanistan war supplemental appropriations bill.  

After the jump I provide some legislative history and constructive criticism of Cash for Clunkers, which Representatives Bruce Braley of Iowa and Betty Sutton of Ohio championed as a reward for consumers who trade in inefficient old cars and trucks for new models.

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