Dr. Paul explains why "Cash for Clunkers" hurts poor people and is bad for the economy.
We pay cash for cars in the greater Phoenix area.
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Earlier this year nearly 700,000 used cars were traded in and sent to be scrapped under the federal Car Allowance Rebate System, or “Cash for Clunkers.” Although it is illegal to resell any car accepted into the Cash for Clunkers program, there’s widespread concern that many of these vehicles will show up for sale around the country. So how can you know if the used car you’re buying was actually meant for the scrap heap?
Carfax, working with the National Highway Transportation Safety Administration (NHTSA), has added the vehicle identification number of every car in the “Cash for Clunkers” program to its database. To help consumers protect themselves, Carfax now makes this information available for free at www.carfax****/clunkers.
In this edition of Speaking of Settlements, Mark Wahlstrom, President of Wahlstrom and Associates and host of The Settlement Channel, discusses the economic downturn, unemployment and financial uncertainty related to today’s job market and why guaranteed income and cash have never been more important for families.
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Lexi the daughter of a local car dealership owner was able to blow up several cars under the Obama Cash For Clunkers
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