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I have been against this since the beginning for a few reasons. The first is, when you sell your car to the government for the $4500, you have to buy a new car. People who may be driving these cheap cars probably can't afford a new car payment at that point in their life.
Next, the bill doesn't have specifics for which cars must be bought, other than fuel efficiency. The buyer can take the taxpayers money and buy a honda, and that money then goes to japan, besides the salesman and dealership.
The 4-5 billion may not seem like a lot compared to the other bills that have passed, but it is hard earned tax payer money that shouldn't be spent. Why can't we just save the cash? A cash stimulus would be more effective than the cash for clunkers bill...even though they aren't that effective.
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