Survivor Mom

Cash for clunkers is a big issue in America right now and from what i read in news articles the Republicans  vowed that they wouldn’t allow the bill to be passed in the senate for additional funding. The man who is leading the fight against cash for clunkers additional funding is none other than John McCain.

I haven’t read the Cash for Clankers Bill,  but i stumble an article explaining why republicans opposed this Bill. Here are some reasons listed:

1) Surplus inventory that is forcing the automobile industry to lay off and furlough workers is sold off, resulting in unemployed people involved in the auto industry going back to work.

2) The hike in employment and in car industry cash flow results in more consumer spending, which helps the economy in general.

3) Car owners will find that they are paying less at the gas pump and have more in their wallet as a result.

4) The Detroit car industry gets a shot in the economic arm (even though foreign car manufacturers also make out big).

Based on this I can’t really say what’s the true motive of republicans, is it really for their country’s sake or they just want to discredit Obama administration. Well, whatever it is i hope it will be resolved positively,  US has a big influence in worldwide economy so it’s a worldwide concern as well.