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I am very against the whole bailout thing(in fact we have casual fridays at work and I wear my "wheres my bailout?" shirt every friday), but this is probably the only part I like. Cash for clunkers is working and they estimate over 500,000 vehicle sales will result, along with the improved mileage for the owner.
IMO the american companies won't see a whole lot of sales, it will be Honda Nissan and Toyota that will see the bulk of the clunker cash.
As usual because we were responsible we both have 1990's era Civic's already that won't qualify nor would I trade them in anyway, so this part of the bailout is still for others, but a good thing if you ask me. If the wife was stuck with an 80's minivan or something we'd be into one of those Yari's sedans in a heartbeat...
I think in general it is a 180* degree swing from Bushoil trying to put everyone in an SUV and not allow smaller efficent cars on the market under the "emissions and safety" excuse.
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