Tumblr Icon RSS Icon

President Clinton: ‘Cash-for-clunkers’ has ‘worked like a dream.’

By Faiz Shakir on August 10, 2009 at 6:21 pm

"President Clinton: ‘Cash-for-clunkers’ has ‘worked like a dream.’"

Share:

google plus icon

“This cash-for-clunkers deal has worked better than everybody dreamed it would,” President Bill Clinton said today at the National Clean Energy Summit in Las Vegas, sponsored by the Center for American Progress Action Fund. Clinton argued that the theory behind cash-for-clunkers should now be applied to electric cars as well. He added:

This thing has worked like a dream, maybe because we didn’t raise the mileage standards for what you have to buy. But the point is — it proves that the American people will bite if it makes good economic sense.

Watch it:

Despite the overwhelming success of the program, cash-for-clunkers has been panned by the media and conservatives who want to argue that the success of the effort proves government “can’t run” programs.

‹ PREVIOUS
FLASHBACK: Boehner Believed That Anti-Vietnam War Protesters Were ‘Un-American’

NEXT ›
Rep. Blackburn pushes false myth that health reform will ‘diminish’ Medicare benefits.

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.