More money poured down the insolvent car companies drain:
The Senate approved a $1 billion program yesterday to give vouchers to consumers who trade in their gas-guzzling clunkers for more fuel-efficient models — a move that dealers hope will revive slumping auto sales.
You know it’s pork when a bill is attached to a war funding bill and the dealers, the unions and the bailedout companies were the ones lobbying for it.
As it turns out, Neo-neocon has been looking into it, and what it comes down to is, Let’s stick it to the gas-frugal:
For example, I drive a rather old car: a 1998 (or is it 1997? I never can remember) Toyota Corolla. When I look up my car (assuming it’s a ‘98 in good condition) at the Kelley Blue Book site, I find that its trade-in value is a whopping $2,175. If I could qualify for the new program, that would mean I’d get somewhere between $1325 and $2325 extra to go towards my new purchase.
But alas and alack, my little Toyota already gets good mileage, well over the 18 miles per gallon necessary to qualify. I never forgot the gas shortages of the Carter years, and it seemed silly not to get a vehicle that conserved fuel.
And so I’ll have to do without my government largesse. This is a familiar experience for me—I keep waiting and waiting for my piece of the Obama pie. I didn’t get a sub-prime mortgage, nor did I max out on my credit cards, so I’m stuck supporting those who did.
More government pork, more government folly.