CNN Political Ticker: All politics, all the time Blog Archive - $1 billion ‘cash for clunkers’ passed «

June 19, 2009

Posted: June 19th, 2009 09:09 AM ET

From CNNMoney.com's Jennifer Liberto

WASHINGTON (CNNMoney.com) - The Senate on Thursday passed a $1 billion effort to subsidize new auto sales by giving vouchers toward the purchase of new cars.

President Barack Obama is expected to sign the bill.

The "cash for clunkers" measure was attached to the $106 billion war spending bill that was approved by the Senate late Thursday. It drew some opposition from lawmakers who were opposed to spending more money on the auto industry.

The measure would give consumers vouchers worth as much as $4,500 to turn in gas guzzlers and buy new cars that are more fuel efficient.

Full story

Filed under: Congress • President Obama

6 Comments | Permalink


Steve (the real one)		June 19th, 2009 11:29 am ET Has anybody defined clunker? I might be a customer for the $4500!!

terry		June 19th, 2009 11:27 am ET I guess the price of "gas guzzlers" from the junkyards will go up now. I know I would buy one for a thousand dollars or so if I wanted to buy a new car and needed a trade-in to get a $4,500 discount.

Fair is Fair		June 19th, 2009 11:25 am ET I'm going to the junkyard and buying something for $100. Then I'm going to turn it in for $4000. LIFE IS GOOD!!!

MattNE		June 19th, 2009 11:23 am ET Wonderful. My hard earned tax dollars are helping some rich guy buy a new car??? Obama is an epic failure of a president.

Longhorn#1		June 19th, 2009 11:14 am ET LIttle good this will do. For the car dealers it will be gravy topped on thir already topping of cas rebates. Whatever money the Government will be figured into the price of the automobile. No consumer will gain anything but the feeling of being a moron.

Dawn In Pa		June 19th, 2009 11:13 am ET I know many people with clunker, they can have mine.
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