Old Fridge? "Cash for Appliances" Looms [View All]

[Liberal_in_LA]

Old Fridge? "Cash for Appliances" Looms
Washington Post: Federal Program will Aim to Boost Sales of Energy-efficient Models

(Washington Post) This story was written by Peter Whoriskey.
In U.S. history, there may have been no better time to own a junk car, a rattling old fridge and a leaking dishwasher.

On the heels of its ballyhooed "Cash for Clunkers" program for cars, the federal government is expected to finalize details in the coming weeks of another tax-supported shopping extravaganza, known as "Cash for Appliances ."

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"The premise seems to be that for Americans to be richer, they need to throw out their old appliances faster - I don't see it that way," said James D. Hamilton, an economics professor at the University of California at San Diego, who has blogged about the clunkers rebates. "I don't like the idea of just spending money for its own sake."

http://www.cbsnews.com/stories/2009/11/27/politics/washingtonpost/main5798138.shtml?tag=cbsnewsSectionContent.6