Cash for Clunkers: The Household Edition. By Peter Whoriskey, WashPost, November 27, 2009. "In U.S. history, there may have been no better time to own a junk car, a rattling old fridge and a leaking dishwasher. On the heels of its ballyhooed 'Cash for Clunkers' program for cars, the federal government is expected to finalize details in the coming weeks of another tax-supported shopping extravaganza, known as 'Cash for Appliances.' Supported by $300 million from the economic stimulus, the program will offer rebates to consumers who buy energy-efficient refrigerators, dishwashers, air conditioners and other appliances to replace their older models. And like the $3 billion cars program that gave consumers money for swapping their clunkers for more fuel-efficient rides, the appliance initiative seems destined to inspire shoppers, drive up sales for a while and profoundly divide economists over how much lasting good this chunk of government spending will do for the economy."
2009-12-04
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