• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Business / Harkin says give low income Americans money for new cars

Harkin says give low income Americans money for new cars

April 23, 2009 By admin

Reports say General Motors plans to temporarily close most of its American factories for up to nine weeks this summer as the automaker struggles to overcome slow sales and financial troubles. In a conference call with reporters this morning,

Iowa Senator Tom Harkin referred to the move as a "summer vacation" for G-M workers but quickly changed his tone. "I just think that this illustrates the dire straights our automobile manufacturing industry is in this country," Harkin says. "I still believe one of the best things we can do is to provide a demand pull. We’ve got all these cars sitting out there but no one’s buying them."

Harkin, a Democrat, says he’d support a program in which low-income Americans were given the money to buy new vehicles. He calls it Cash for Clunkers and suggests it would be a way to get gas-guzzling, air-polluting old vehicles off the roads.

"Low-income Americans mostly are the ones who are driving those cars," Harkin says. "They can’t afford to buy a new car. They can’t afford to get the credit. Even if they could come up with a small down payment, they can’t get the credit to buy a new car. And then you provide the demand pull. You get a couple million new cars off the inventory list. This might stimulate G-M to start and run its plants more this summer."

He says a similar program was successful in Germany.

 

Share this:

  • Facebook
  • Twitter

Filed Under: Business, Politics / Govt Tagged With: Democratic Party, Tom Harkin, Travel

Featured Stories

Grundy Center man sentenced to life for killing State Trooper

Jodi Husientruit remembered 27 years after she disappeared

Iowa Supreme Court rules in Mahaska-Marion County regional airport dispute

Pheasant harvest and hunter numbers both up this year

Iowa Supreme Court overturns ruling creating constitutional abortion right

TwitterFacebook
Tweets by RadioIowa

Radio Iowa/Baseball Coaches Association High School Poll 6/27/22

AJ Green signs with Milwaukee

Iowa to host Georgia Tech in ACC/Big Ten Challenge

Iowa State adds a defensive back

Radio Iowa/Baseball Coaches Association High School Poll 6/20/22

More Sports

eNews and Updates

Enter your email address:

Delivered by FeedBurner

Archives

Copyright © 2022 ยท Learfield News & Ag, LLC