Having run out of money two weeks ahead of schedule, the Cash for Clunkers program officially ends at 8 p.m. tonight. Now that it's winding down, how are car dealers and automakers going to get people to come in and buy cars without the $4500 incentive?
We speak to Bill Underriner, owner of Underriner Autos in Billings, Montana; and Mark LaNeve, vice president of sales for General Motors.
Last Fourth of July, South Carolina Senator Jim DeMint published Saving Freedom: We Can Stop America's Slide into Socialism. Senator DeMint (ranked by National Journal as the Senate’s most conservative member), has been making headlines as one of President Obama's most vocal critics on everything from the economy, health care reform to Cash for Clunkers. He joins The Takeaway with his take on how to correct the country's path.
"Right now we don’t allow insurance companies to compete state to state, so a few insurance companies can essentially monopolize the business in each state. If we created a national market for health care with hundreds of companies competing for our business the price would go down and the variety of products would go up."
—Senator Jim DeMint on health care reform
For more from Senator DeMint, watch his speech on the Senate floor against President Obama's health care plan: