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
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California High-Speed Rail's Plan to Right Itself
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San Francisco Muni Raises Fares a Second Time
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Electric Grid Capacity Could Hamstring EV Growth
Industry leaders say the U.S. electric grid is unprepared for the increased demand for power created by electric cars, data centers, and electric homes.
Texas Bill Supports Adaptive Reuse in Commercial Areas
Senate Bill 840, which was preliminarily approved by the state House, would allow residential construction in areas previously zoned for offices and commercial uses.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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