Also in this playlist...
This transcript is automatically generated
Thank you so much well let's get back to the administration's point of view here they have very much been touting the cash for -- clunkers program.
As a major success so will they get approval for additional funding we're waiting on the senate.
When will that money com joining us now Washington DC transportation secretary Ray -- welcome back secretary.
Thank you okay.
The senate we talked to -- senator Debbie Stabenow of Michigan just in the last hour she told us it's either.
Tomorrow Thursday or Friday what do you think it's going to happen have you been speaking to senators.
Well I met with senator Durbin who's the senate majority whip like the assistant majority leader.
I had a meeting with him this morning he was very optimistic we heard word out of the majority leader's office Harry Reid.
That he believes they now have the votes to pass the two billion dollars that the house passed and that's great news for.
American car buyers and American and and manufactures and and people that sell cars all over America it's a win win win for for everybody in America.
OK so let me clarify you were hearing that they now have the votes to get a passage of it in the senate.
I read on the wire just a few minutes ago -- statement from the majority leader Harry Reid.
That they have the votes to pass the two billion dollars yes.
OK so tell us why we should cheer this on -- specially for the contingent out there in America that feels.
This is not a good idea it's taking more taxpayer money.
Just get extending people once again and that we need to stop spending this kind of money.
Well first of all this is a lifeline to the automobile industry.
Sales rooms all over America have have looked empty.
For the last several months and now they're bustling with people.
We know that hundreds of cars have been sold that millions of dollars has gone out.
To people that it's a result of this this is the one part of the stimulus.
That has worked very quickly very efficiently the money is out the door in the pockets of people.
Around the country and their driving cars out of the showrooms that get better gas gas mileage than -- The so called gas guzzlers that they traded and whether it was a -- an SUV.
It's a win win for the environment for environmentalists for clean air for car salesman for mechanics and for the scrap yards that'll get the -- lol -- yeah.
Now they have also been hard hit by the economy.
-- at the scrap yards we've been covering that story and it has been amazing for them but look we -- senator Judd Gregg a Republican on it at a round I think it was in the tended to our and he flat out said that you know what this is eleven legislation what would you say if you have Judd -- in front of you right now.
Well look at I what I would say to all Americans and people that are watching this program anybody that's been to show room.
Traded in -- gas guzzling car got 4500 dollars drove off with a more fuel efficient car.
They know it's a win win for America that look this is no nonsense.
The money is out there the cars are going off the show rooms.
Salesmen are working mechanics are working scrap yards or are busier than they've ever been.
All across the economy of America this is a huge lift it's a boost that's what people have been asking for.
This is one part of the stimulus that's working.
And we encourage people bought by a car.
And you'll get the rebate.
Treasury Secretary Ray LaHood -- -- transportation secretary.
And you don't wanna be Geithner at this -- be nice to see it thank you very much thanks for coming off.
Filter by section