Cash for Clunkers $2 Billion Refill

The cash for clunkers program will be refilled, courtesy of the Senate and to be signed by President Obama into law, with $2 billion dollars more to help the car owners to purchase new ones and boost the US economy, in particular the car industry.

President Obama said: "Now more American consumers will have the chance to purchase newer, more fuel efficient cars and the American economy will continue to get a much-needed boost."

This was the statement after the Senate approved the bill tripling the $1 billion cash for clunkers program.

So the cash for clunkers progam will be injected and refilled with much needed cash amounting to $2billion do that will last until Labor Day.

With this cash for clunkers program, more than $775 million was already spent and almost 185,000 new vehicles were sold. Car dealers registered a boost in sales in July and Ford Motor Co. increased in sales.

Owners of passenger cars, old SUVs, vans and pickups, are eligible to vouchers worth $3,500 to $4,500 if they trade-in their gas guzzlers, under the cash for clunkers program. Is it ok for you or do you want some more?

Where will the trade in vehicles go? They will be crushed and shredded.

Or maybe some will be thrown into to some countries where second hand car is still a good car?

Your very lucky car owners. How about those without cars?