Fred Harteis News Articles - The government’s “cash for clunkers” program jump-started personal spending in August as car buyers took advantage of taxpayer-financed rebates, the government reported on Thursday.
The 1.3 percent spike in spending was the largest in nearly eight years, but economists said it was not the foundation for any long-term rebound in the consumer sector. The government’s $3 billion clunkers program has ended, and automakers are bracing for a drop in September sales from a month earlier.
With consumers still worried about losing their jobs ... more »
