Clunkers and Politicians

Summary


In the annals of Western Civilization has there ever been a government that could spend so many billions it doesn't have, so quickly, so many ways?

More than 625,000 new vehicles were sold since the cash for clunkers program began in July. The first billion dollars ran out in four days. The second bundle of greenbacks - $2 billion worth - was supposed to last through Labor Day, but didn't quite make it. For the sake of your tax dollars, let's hope this will be the end of it.

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Extract


Clunkers and Politicians

While car dealers were ecstatic (those who were being reimbursed the $3,500 to $4,500 clunker money, anyway), and automakers ...

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