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CARS effects are mixed

09/07/2009
By Sam Fletcher
Back in the 1930s during the Great Depression, humorist Will Rogers once cracked that Americans are the only people in the world to drive themselves to the poor house. This time around, many will make the trip in new cars, based on media reports of laid-off workers signing over severance checks to auto dealers in the recent scramble for "Cash for Clunkers" subsidies.The US Car Allowance Rebate System (CARS) was so popular it blew through its first $1 billion in rebates in just a week, prompting Congress to toss in another $2 billion pulled from a program to finance renewable-energy projects. By Aug. 25, it ended out of funds although originally scheduled for July 1-Oct. 31.Obvio...
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