There’s a really good article about the new "Cash For Clunkers" program that the government is doing on CarandDriver.com. Cash for clunkers, in case you don’t know, is the program where if you have an old car, the government will give you free money if you trade in that car for a new, more fuel efficient car. All sounds good, right? Well… almost. Check out the article, and let me know what you think. I have to say, while there are some benefits, I’m going to have to agree with Steve Siler, the author. Especially with the quote below:

people driving cheap old beaters are probably doing so because they can’t afford a new car. And $3500 doesn’t go far when the average transaction price of new cars hovers around $24K.

So what do you think? Is the program good, or bad? I don’t think it will help the American auto industry much, seeing as most Americas have the mindset that all the fuel efficient cars are made in Korea or Japan.