This is the most cockamamie notion I’ve heard in quite some time.
Uncle Sam is going to give me $4,500 of my own money for a qualifying trade-in, IF I agree, (and qualify), to take on at least $20,000 in auto debt? (To say nothing of the additional cost to insure a financed vehicle).
And naturally, the vehicle that they would REALLY, REALLY, like me to buy would be one woefully inadequate to my needs.
For the record, I have a family, a house in the country, and where I live, the hilly roads don’t always get plowed…sometimes for DAYS.
This is a feature of life in rural and suburban America that obviously Ms. Feinstein and Mr. Schumer are totally unacquainted with, (although I’d have expected Ms. Collins, being from Maine, should dimly remember).
This is nothing more than yet another auto industry bailout with a “Save the Earth” bumbersticker slapped on it.
