Belmont Club

By Richard Fernandez

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Cash for clunkers

August 2, 2009 - 3:21 am - by Richard Fernandez
Bill R
2009-08-02 04:26:36

I have a close friend who makes about $35,000 a year in a one-income family. Not enough to afford a new car, even with the subsidy, but enough to pay taxes. This friend finds himself in the position of sitting in his work break room, listening to co-workers in the $90,000/yr family income range plan their subsidized purchases.

Have we gone nuts?