Associated Press: Clunker Cash Won't Drive True Recovery
  • the rebates will ... steal economic growth from the future: They make car sales happen now that would have been made later anyway....

    There are only so many people looking to trade in pickups for hybrid sedans. And there are only so many people who can afford to.

    Even if clunker cash helps the economy expand at a 4 percent annual rate from July through December -- the high end of the most optimistic forecasts -- underlying problems will make the pace hard to sustain.