Well it looks like the Senate is going to vote to extend the massively expensive to taxpayers "Cash for Clunkers" program by $2 billion so that Americans can purchase new cars and
receive up to $4,500 in rebate checks for their old ones.
Senate Majority Leader Harry Reid said that both Democrats and Republicans in the Senate have agreed to vote on a plan while considering changes to the bill. Once passed, the bill will go to the White House to be signed by the President. The House passed legislation for the new changes last week.
The new bill would give automakers until Labor Day to sell new, gas efficient cars in order to beef up their sales numbers going into the fall.
While on one hand yes this "Cash for Clunkers" program may be indeed helping out the automakers, I ask; what is it doing for the taxpayers of this country. Our government is basically handing out checks to people in order for them to go out and buy new cars. This is ridiculous. There are better ways to give incentives to people to purchase more fuel efficient vehicles, without spending our tax dollars.
Our government told us just last week that if the Senate didn't vote to extend the program (and by extend I mean vote to spend more of our money) until this Friday, it would go bankrupt within a few days. Now the Senate will vote to extend it again until Labor Day, and don't think for one minute that if the automakers claim the program is helping boost sales, come September 7th we will see another big push to extend the program again for another period of time. At some point the program has to end and the automakers have to start finding their own ways to sell their cars. This of course presents a problem for our government because it loves that fact that the automakers are now dependent on them. Politicians love having power over that large of a manufacturing segment.
I will leave you with this thought; if the government can't figure out how to run a relatively small program such as "Cash for Clunkers" without it almost going bankrupt before anyone even knew about it, how then do we expect our government to run something as large and complex (and expensive) as national health care.