Posts Tagged ‘Harry Reid’

UPDATE: Cash for Clunkers Looking Good

Wednesday, August 5th, 2009

The AP is reporting at this hour that the Senate has reached a deal to extend cash for clunkers. A vote is scheduled for Thursday to pump $2 billion more into the program, meaning consumers could get rebates on fuel efficient cars through Labor Day.

Following lengthy negotiations, Senate Majority Leader Harry Reid said Democrats and Republicans had agreed to vote on the plan Thursday, along with a series of potential changes to the bill, which was passed by the House last week. Reid has said Democrats have enough votes to approve the measure and reject any changes that would cause an interruption in the rebates of up to $4,500.

Apparently, this means the bill has enough Republican support to ward off a threatened filibuster.

[Republican] Sen. Mitch McConnell of Kentucky concurred that the matter would be settled soon. And objectors conceded they do not have the votes to force all of the changes they want, or to block the House version of the bill.

This is terrific news, for all the reasons I blogged about yesterday. And this:

If the Senate approves the additional money, it’s likely to lead automakers to increase production and bring back laid-off workers. Many automakers reported low inventories due to increased sales from the program at the end of July. Already Hyundai Motor Co. has added a day of production to its Montgomery, Ala., plant, and Ford is considering increases.

It’s a great start to a critical month in which Democrats will be barnstorming the country, making the case for health care reform, asking Americans to trust their government.

POSTSCRIPT: On a 60-37 vote, the Senate approved $2 billion more for cash for clunkers today. The AP reports:

The legislation had its share of critics, though, most of them Republicans.

“What we’re doing is creating debt. … The bill to pay for those cars is going to come due on our children and grandchildren,” said Sen. Judd Gregg, R-N.H.

Really? This, from the same Judd Gregg who didn’t bat an eyelash over the past eight years as George Bush racked up 4 trillion dollars worth of debt? More debt than any president in U.S. history?

I think what we are doing is creating jobs, selling cars, helping the environment, and spurring consumer confidence — all of which could hasten the end of this recession and actually help lower the national debt, over the long term.

But, hey, that’s just me.