Washington, DC—Senate Majority Leader Harry Reid released the following statement this evening upon the passage of additional funding for the Cash for Clunkers program:
“Cash for Clunkers is an extraordinarily popular program that is a good example of a public-private partnership where both consumers and business win, and one that contributes to Americans’ confidence in our continuing economic recovery.
“This program gives a much needed jolt to our economy and our manufacturers at a critical time. Retiring and recycling older, less efficient cars and trucks and replacing them with higher fuel economy models reduces oil consumption and air pollution. Beyond helping our domestic auto industry, this program will stimulate other sectors of the auto supply chain like mechanics and auto parts manufacturers.”