The economy is up 3.5% in the 3rd quarter, thanks in large part to government subsidies for car and home buying. Otherwise, the impact of the stimulus has been muted, says The Washington Times.
Sung Won Sohn, economics professor at California State University Channel Islands, says that these programs have brought the recession to an end.
"The "cash for clunkers" trade-in program for gas-guzzlers inspired a 22.3 percent surge in purchases of big-ticket goods - primarily autos - while the department said the ramping up of auto production to meet demand for new fuel-efficient cars accounted for 1.66 percentage points, or nearly half, of the growth registered during the July-September quarter."
FULL STORY: Economic growth boosted by small U.S. programs
Vehicle Retirement Program Considered For Stimulus
A program known as ‘cash for clunkers’ is being considered for inclusion in the Senate stimulus package to make the U.S. auto fleet more fuel-efficient and stimulate demand for new, cleaner cars. Will the older vehicles will be scrapped or resold?
Colorado Launches ‘Cash-for-Clunkers’ Program
Colorado residents can get $6,000 in extra rebates if they trade in their old gas-powered vehicle for an electric vehicle. Rebates are expected to go quickly.
The 'INVEST in America Act' Would Help States Kick the Highway Habit
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Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
How Atlanta Built 7,000 Housing Units in 3 Years
The city’s comprehensive, neighborhood-focused housing strategy focuses on identifying properties and land that can be repurposed for housing and encouraging development in underserved neighborhoods.
In Both Crashes and Crime, Public Transportation is Far Safer than Driving
Contrary to popular assumptions, public transportation has far lower crash and crime rates than automobile travel. For safer communities, improve and encourage transit travel.
Report: Zoning Reforms Should Complement Nashville’s Ambitious Transit Plan
Without reform, restrictive zoning codes will limit the impact of the city’s planned transit expansion and could exclude some of the residents who depend on transit the most.
Judge Orders Release of Frozen IRA, IIJA Funding
The decision is a victory for environmental groups who charged that freezing funds for critical infrastructure and disaster response programs caused “real and irreparable harm” to communities.
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