Cash for clunkers: high-cost chase of high-minded goals

A furious controversy over stumbling health-care law provides useful context for assessment of an earlier meddling by the US government in economic behavior. Of course the Car Allowance Rebate Scheme of 2009, better known as cash-for-clunkers, was far smaller than the Affordable Care Act, better known as Obamacare. Like Obamacare, though, the CARS program pursued high-minded goals with incentives to buy products the government deemed superior to what Americans already owned. With CARS, the ideals were economic stimulus in service to job creation and energy-use abatement in service to mitigation of climate change. The program offered $3,500-4,500 to motorists trading in vehicles for new mo...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected