In U.S. history, there may have been no better time to own a junk car, a rattling old fridge and a leaking dishwasher.
On the heels of its ballyhooed "Cash for Clunkers" program for cars, the federal government is expected to finalize details in the coming weeks of another tax-supported shopping extravaganza, known as "Cash for Appliances ."
Supported by $300 million from the economic stimulus, the program will offer rebates to consumers who buy energy-efficient refrigerators, dishwashers, air conditioners and other appliances to replace their older models.
And like the $3 billion cars program that gave consumers money for swapping their clunkers for more fuel-efficient rides, the appliance initiative seems destined to inspire shoppers, drive up sales for a while and profoundly divide economists over how much lasting good this chunk of government spending will do for the economy. More at WaPo
Saturday, November 28, 2009
Cash for Appliances Coming
The program will be administered by states (funded by stimulus), which could offer $100 for each appliance traded in: