Thursday, August 6, 2009
Obama Economy Successes: Senate Passes Cash for Clunkers 2!
WASHINGTON — The Senate voted 60 to 37 on Thursday to approve another $2 billion for the "cash for clunkers" program, giving new life and money to the federal government's most wildly popular economic stimulus program.
The public's eager embrace of the initial $1 billion program stunned lawmakers, who as recently as Monday doubted that they could muster the votes to keep it alive.
The program, which allows consumers up to $4,500 if they trade in older gas- guzzling vehicles for new models, exhausted its first billion dollars in a few days. People flooded auto dealers seeking clunker money and spurring car sales to their highest levels in many months — and dealers pleaded for the program to be extended.
"The reality is this is a program that is working. Consumers believe it is working. Small business people believe it is working," said Sen. Debbie Stabenow, D-Mich.
Still, winning approval wasn't easy. The Republican Party of NO tried to put a kibosh on it. However the Democrats were successful in their WIN for the American People!!