Eric Peters autos
By Eric Peters
November 26, 2023
You may recall the Obama-era “Cash for Clunkers” business. It was a very dirty business and a key element of Obama’s declared intention to fundamentally transform the United States – though to this day many people do not understand just how key it has proved to be.
The plan was sold to the public as a means of “stimulating” the then-flatlined American car industry, which was almost literally (and in GM’s case, actually) bankrupt. The idea was to get people to buy new cars by paying them to throw away their old cars.