Hey, did you hear about the government bureaucrat who launched a five-month program that only lasted four days?
It might be funny – if it weren’t so true!
Of course, I’m talking about the Cash-for-Clunkers program, launched by Transportation Secretary Ray LaHood just one week ago today.
At first, it looked like a great program. $1 billion in free money. Offering consumers a $4500 bonus for trading in their old, polluting, gas-guzzling clunkers for a safer, cleaner, more fuel-efficient car.
But, warned the feds, you’d better act soon. Because the money’s only expected to last until November 1.
Wrong! Actually, so many drivers rushed out to car dealers that the program ran out of money in only four days. And now…Who knows what’s going to happen?
Before leaving town, the House voted another $2 billion to keep the program going. But the Senate won’t vote until later this week. Meanwhile, dealers are reluctant to make any new deals, because nobody knows for sure if the program will be extended or not. Cash for Clunkers could get new life, or it could just disappear.
What a mess! Government can’t even give money away – without screwing it up.
That’s my parting shot for today.