Word: carlies
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...cash-for-clunkers really two-for-one? That depends. There are currently two main bills in the House and Senate, which, according to greens, are not created equal. One, sponsored by Democratic Ohio Representative Betty Sutton, allows any car from model year 2000 or earlier to be traded in, without any restriction on fuel economy. In return, car buyers will get $4,000 if they buy a new U.S. car that gets a minimum mileage of 27 m.p.g. and $5,000 if they buy a U.S. car with at least 30 m.p.g. Crucially, the new cars have to be made...
...Sutton's bill - which has the support of U.S. automakers and the United Auto Workers union - might violate free-trade agreements if the bill is ever passed, greens are more worried about its extremely low standards. Refusing to put a mileage requirement on clunkers means that even relatively efficient cars could be traded in, provided they're at least a decade old. And putting the minimum standard for new cars at 27 m.p.g. means that more than half the cars already in the U.S. fleet would qualify, since the existing federal fuel-efficiency standard is 27.5 m.p.g. for cars. Given...
...circulating in Congress, this one co-sponsored by Democratic Representative Steve Israel and Democratic Senators Charles Schumer and Dianne Feinstein. Their bill would allow the junking of any vehicle that's more than three years old, provided its fuel economy comes in at less than 18 m.p.g. Any new car would need to have a fuel economy at least 25% better than the clunker to qualify - and rebates would reach up to $4,000. (All auto brands would qualify, foreign or domestic.) A 25% improvement would be enough to make buying a new car a good deal for the planet...
...every analyst is convinced that a $4,000 or $5,000 rebate would convince suddenly spendthrift U.S. consumers to buy a new car - especially the sort of customers who would own a clunker in the first place. "Either this program won't make them buy, or they're just poor," says Wolkonowicz. But a cash-for-clunkers deal with tough enough fuel standards would at least be a way to throw Detroit another lifeline without sinking the planet - even as Washington seeds longer-term demand for more-efficient vehicles. The key, like any used car contact, is to check...
...find the upside in the downturn. A college-admissions officer, watching families reassess their means and ends, suggests that maybe the insane competitiveness will recede. The yoga instructor says living more simply relaxes us, as if the entire country needs to slow its breathing. The buyer at the used-car lot feels both frugal and green: that hatchback isn't used, it's "pre-owned," and this counts as recycling. The discount shoppers view their task as a scavenger hunt and take a certain pride in finding the bargain, cutting the deal; 23% of us are haggling more, a profitable...