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Evaluate the success of the Cash for Clunkers car program

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Evaluate the success of the Cash for Clunkers car program by the Government. Did the program succeed in establishing lasting renewed demand for new cars? Did the Obama Administration overstep its bounds by creating artificial demand for new cars?

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The solution goes into a fair amount of detail pertaining to the question being asked about the success of Cash for Clunkers. The explanation is very good and yet concise and to the point. It is also very easy to follow along. Overall, a very good answer to the question being asked.

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The question does not have a right answer. Both sides have its shares of pros and cons. Cash for clunkers demand did create demand when the economy needed the most. There were a lot of extra cars sold during the recession as people rushed to take advantage of the big tax ...

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