This auto industry expert Jesse Toprak debunked 3 big myths about the "Cash for Clunkers" program:
1) It "borrowed" car sales from future months;
2) Buyers could not get approved for financing;
3) Car manufacturers boosted production too much in response.
The net economic impact of the CfC program was "easily north of $25 billion -- if not much higher," he said.
Q&A: Was Cash for Clunkers a Success?
By Joseph R. Szczesny
August 26, 2009 | TIME.com
URL: http://www.time.com/time/business/article/0,8599,1918692,00.html
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