Cash for clunkers was a program that allowed consumers to trade in their old "clunkers" for a 7500 dollar or more rebate for a newer, more fuel-efficient car. The car had to be MORE than 25 years old, had to have a mpg of LESS than 18 and the trade in had to be more fuel efficient. Because of Cash for clunkers, GM was saved. As a result of continuing profits, GM was able to pay back the government with interest way ahead of schedule.
This is one of the smartest decisions the government has made in recent history.
- actual person
*Jim goes onto cars.gov and gets into the program. Now, Jim's bank records, pictures, videos, emails are now fully available to these agencies. Jim's computer freedom is now completely tarnished, and anything that he does that seems suspicious, could cause his computer to be seized, and may even get him thrown in jail.