The Senate passed the Cash for Clunkers Program today, which gives consumers with cars that get less than 18 miles per gallon the ability to turn them in for a $3,500 or $4,500 cash voucher. The bill was nearly defeated by Republicans, but Democratic support saved the day in part due to Obama's lobbying of the program. The President still needs to sign the bill into law.
Although many people believe that the program is designed to reduce global warming emissions through the eradication of gas guzzling cars, its true purpose is to help out struggling automakers and car dealers with new car sales. A person who receives a credit as part of the program cannot buy a used car with the monies. Car sales in 2009 are predicted to be nearly half of what they were in 2008.
The bill was sponsored by Senator Debbie Stabenow, a Michigan Democrat and one of the states most affected by the turmoil in the auto industry. After the bill was passed, Stabenow said, This is an emergency for families and small businesses - for an industry that has been the backbone of our economy for a generation."
The program will be implemented by the Transportation Department and this is expected to happen by early August. As part of their duties, the Transportation Department will create a public website for consumers and dealers to get more information, will certify "cash for clunkers" dealers and distribute the program vouchers.
source : http://www.reuters.com
Showing posts with label cash for clunkers. Show all posts
Showing posts with label cash for clunkers. Show all posts
Snollygoster Definition - what is a Snollygoster!
The word’s origin is unknown, but developed as slang in the 1800s, between roughly 1855 and 1860, states Dictionary.com. It defines Snollygoster as “a clever, unscrupulous person.”
The Free Dictionary however believes the word Snollygoster could have developed from “snallygaster”, which is a “mythical beast said to prey on poultry and children”.
Or Snollygoster could have come from “Pennsylvania Dutch schnelle geeschter” that derives as follows:
“Middle High German snl, quick (from Old High German) + Middle High German geist, spirit (from Old High German).”
Free Dictionary defines Snollygoster today as often used to describe a political figure:
“One, especially a politician, who is guided by personal advantage rather than by consistent, respectable principles.”
source : http://news.lalate.com
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