Video: 'Cash for Clunkers' Bill
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Video: 'Cash for Clunkers' Bill

Title: Video: 'Cash for Clunkers' Bill

Published: Tue, 23 Jun 2009

Description: It's free money with a catch. The "Cash for Clunkers" program, also known as the the CARS Act (Consumer Assistance to Recycle and Save Act), allows you to trade in your old car for a voucher of up to $4,500. But you have to buy a more fuel-efficient vehicle than the one you currently own.

Full Article: http://www.myfoxboston.com/dpp/news/consumers/dpgo_Video_Cash_for_Clunkers_Bill_SAB_06232009_2603570

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Automatically Generated Transcript (may not be 100% accurate)

" It's free money would catch I don't think it's enough to justify you know treatment party. Twenty miles a gallon to one point five cash for clunker trading in -- clunker for up to 4500. Dollar voucher. You have to -- yeah. I would because. It's and helps. And I think that's what you are doing. Congress just passed the cash for bunkers built. It now heads to be honest -- niche market car owners would get a voucher. 3500. Dollars if they traded in a vehicle getting eight miles per gallon or less. For one getting at least 22 miles per gallon. The value of the voucher would grow to 4500. Dollars if the mileage of the new color it was ten miles per gallon more than the old one. Environmental lobbyists -- as a great move for mother earth."

" You're taking cars that are you know eighteen miles per gallon parallel which is -- both still. At the standard and inefficient vehicle replacement on -- point seven horny 29 -- or even higher you're definitely improving environment."

" exclusive Rasmussen poll found that 35% of Americans favor the bill -- 54%. Don't. Certainly there are some people who would buy new car because of this. And there are some people who would make -- different choice about the car they're going to abide because of the availability of debt. Proponents of the bill -- not only will help the environment but it will also bring car buyers into children."

" I get the hybrid. My dad."

" Opponents of the bill say it would increase the federal debt and don't like that doesn't resolve the rollout. -- is losing last. Found that fifteen. Drivers say they would buying a new car under the program but 32 per day."

" They're not very likely to. I was to have that money along with money -- say that would be perfect."

" John Fox News."

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