One Michigan Republican, Congresswoman Candice Miller, has already come out in favor of extending the program, saying in a statement: “There can be no doubt that the Cash for Clunkers program is a complete success given the fact that the entire $1 billion allocated to the program was expended in less than a week."
She called the program "simply the most stimulative $1 billion the federal government has spent during the entire economic downturn." Read more: http://www.politico.com/news/stories/0709/25638.html#ixzz0MqRuCGS3
We know three things from this:
- Incentives work when actually applied to the private sector.
- This administration is so inept at private sector stimulation that they underfund and badly administer the only stimulus that appears to stimulate.
- An actual stimulus was damn near a total accident. The main intent for this program was to get to lower auto emissions.
As the official scribe to the great unwashed, I can now state that we are truly in the best of hands.
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