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New Studies Suggest ‘Cash for Clunkers’ Ineffective as Economic Stimulus; Recommends Program Not be Repeated

ASA Opposed Cash for Clunkers Program

 WASHINGTON, D.C., Nov. 5, 2013 – A new analysis from the Brookings Institution’s Ted Gayer and Emily Parker found the Cash for Clunkers initiative was inefficient as an economic stimulus and only pulled forward auto sales that would have happened regardless of the Cash for Clunkers initiative.
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