US Congress Backs Scrappage Initiative

Consumers could get up to $4,500 in a “cash for clunkers” scrappage plan that has gained strong support from the White House and leaders of the US Congress. President Barack Obama has added his voice to the chorus. After House Democrats described the plan at a White House meeting last week, ”the president commended the members for moving forward a plan that will help the American auto industry and provide Americans with cleaner automobiles,” White House press secretary Robert Gibbs said. The price for the market jump start is estimated at $3 billion to $4 billion. Backers want Obama to use money from the economic stimulus, and if extra money is needed, it could come from the emergency war-spending bill. (Akron/Tire Review)