McCain: Why not ‘cash-for-refrigerators?’
Don't count on Sen. John McCain (R-Ariz.) to support another $2 billion for the cash-for-clunkers program when it comes to the Senate floor this week. The 2008 GOP presidential nominee thinks the idea is
ridiculous.
"I just don't think it's a proper use of the taxpayers' dollars," McCain told The HIll. "The argument can be made, 'Why don't we have cash-for-refrigerators?' Or cash-for-anything? It's just a very, very bad use of tax dollars."
McCain acknowledged the program has brought an uptick in car sales, but said the effects will actually be negative in the long run.
"The results will be temporary, and when the money runs we're going to see the distortions that it's created in the market," he said.
The Hill’s Blog Briefing Room » McCain: Why not ‘cash-for-refrigerators?’
ridiculous.
"I just don't think it's a proper use of the taxpayers' dollars," McCain told The HIll. "The argument can be made, 'Why don't we have cash-for-refrigerators?' Or cash-for-anything? It's just a very, very bad use of tax dollars."
McCain acknowledged the program has brought an uptick in car sales, but said the effects will actually be negative in the long run.
"The results will be temporary, and when the money runs we're going to see the distortions that it's created in the market," he said.
The Hill’s Blog Briefing Room » McCain: Why not ‘cash-for-refrigerators?’
