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COMMENTS: Scrapyard Bound
ABC and NBC both decided to update us on the Cash for Clunkers program, the federal subsidy for upgrading cars from gas guzzlers to efficient new models. "The rebates got automakers advertising again and customers buying again," declared NBC's Chris Jansing, although she cautioned that the program might not be as green as it seems: "A recent study suggested that the more fuel-efficient your car is the more you drive, so it is a questionable benefit to the environment." ABC's Sharyn Alfonsi saw dealerships "drowning in paperwork" as the rebate Website keeps crashing with the volume of deals. "In just six days the government says more than 19,000 drivers have made the swap," which means the $1bn fund is close to being depleted already.
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