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given your study of fiscal policies in Chapter >, critically evaluate the cash for Clunkers stimulus plan. You can read a summary of the plan
given your study of fiscal policies in Chapter >, critically evaluate the cash for Clunkers stimulus plan. You can read a summary of the plan on Wikipedia at (http:://en.wikipedia.org/wiki/Car_Allowance_Rebate_System). Explain the main goals for the plan and how you would recommend changing the specifics of the program to make it more successful if the US finds itself in need to intervening in the automobile market in the future to save that industry from significant shrinkage. As always, make sure you use economic concepts in your answer. Opinions that are not backed up with economic analysis are not adequate as an answer for this, or any of the written assignments. A complete answer will include: 1. Main goals of the program (environmental, fiscal stimulus, helping low income families) and how well you think the program met each goal (with economic rationale). 2. Secondary impacts of the program, especially those on the used car market. 3. What changes in the program would have allowed for better achievement of the goals. 4. Why you think the program, despite its good intentions, was passed with the major flaws it contained
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