Thursday, August 13, 2009
Evidence we need to expand 'clunkers' program to other goods and services
Cash for clunkers has been wildly succesful as stimulating demand for new autos, but overall retail sales fell in July, despite many people expecting it to rise. This is more evidence that we need to take the Cash for Clunkers model and formulate it across different industries. This would not necessarily spend more money than has already been committed - but would rather serve to speed the spending up and put it in a place that has a proven record of stimulative success.
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