this post was submitted on 05 May 2025
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submitted 2 days ago* (last edited 2 days ago) by hellfire103@lemmy.ca to c/196@lemmy.blahaj.zone
 

NOTE: This thread concerns the U.S. Immigration and Customs Enforcement; not internal combustion engines.

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[–] grue@lemmy.world 8 points 2 days ago

It was totally a handout, pretty much explicitly:

the Car Allowance Rebate System (CARS, commonly known as 'Cash-For-Clunkers'), one of several stimulus programs whose purpose was to shift expenditures by households, businesses, and governments from future periods when the economy is likely to be stronger, to the present when the economy has an abundance of unemployed resources that can be put to work at low net economic cost.

https://obamawhitehouse.archives.gov/blog/2010/04/05/did-cash-clunkers-work-intended