Gasoline

(4/1/2009) - I was at the gym the other day, and on the T.V. they were talking about a so-called Cash for Clunkers program the government was considering.  At first, this struck me as a waste

Here’s how the program that Congress is considering would work.  If you have a car at least eight years old, the government will buy it from you for up to $5,000 (less the older the car is).  

The plan is intended to have at least two effects.  First, the program is designed to have some stimulus effect on the economy and the beleaguered car manufacturers in particular.  Second, taking older, less fuel-efficient cars off the road will reduce the use of gasoline.