Detroit Captures Market Share of Dumped Clunkers
Washington’s hugely popular cash for clunkers program has boosted all auto sales 16 percent from June to July as desperate and grateful Americans unloaded the gas guzzling behemoths they had been lured into buying with huge SUV tax credits by the Bush administration. (Small business owners like doctors, lawyers, and real estate agents had been able to use fossil friendly incentives to deduct more than $100,000 of the cost of an SUV from their taxes.) Now that they have the chance, Americans are unloading those gas guzzlers.
