Friday, July 31, 2009
Car-pocalypse Now
News reports tell us the government's "cash for clunkers" program, also known as the Car Allowance Rebate System (CARS), has already burned through the $1 billion allocated for it.
(On a side note, this means the CARS program is officially over. From the CARS website: "Program runs through Nov 1, 2009 or when the funds are exhausted, whichever comes first.")
What a surprise that people would take $3,500 or $4,500 if you offer it to them. All they have to do is make the huge sacrifice of going out and buying a new car. Oh the horrors of "new car smell"! Of course, the biggest sacrifice is the frequent visits to the mechanic and the gas station.
Sarcasm aside, the American people naturally did what the program intended. But as we have seen with too many recent government attempts to plan our economy, you CANNOT plan an economy.
The money quote on this subject comes from car salesman Rob Bojaryn (in an article on wcbstv.com):
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(On a side note, this means the CARS program is officially over. From the CARS website: "Program runs through Nov 1, 2009 or when the funds are exhausted, whichever comes first.")
What a surprise that people would take $3,500 or $4,500 if you offer it to them. All they have to do is make the huge sacrifice of going out and buying a new car. Oh the horrors of "new car smell"! Of course, the biggest sacrifice is the frequent visits to the mechanic and the gas station.
Sarcasm aside, the American people naturally did what the program intended. But as we have seen with too many recent government attempts to plan our economy, you CANNOT plan an economy.
The money quote on this subject comes from car salesman Rob Bojaryn (in an article on wcbstv.com):
"If they can't administer a program like this, I'd be a little concerned about my health insurance."Good question indeed.
Labels: Car Allowance Rebate System, Cash for clunkers, health-care reform
