Cash for clunkers a waste or a pacifier?
Right now the buzzwords in the national news are the Cash for Clunkers buying stimulus program, has created a lot of confusion and gives me more trepidations about the Troubled Asset Relief Program.
Auto dealer ssucked up $1 billion in less than a week and the House of Representatives wants to add another $2 billion to the program, despite no clear results being available. Estimates that I have been able to find speculate about 40,000 cars have been traded in. That just doesn't add up.
Even with the stratospherically high $50 million in administration c...
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