Cash for Clunkers - a massive government failure.

Lets look at this Cash for Clunkers program that the federal government has enacted:
1) Get up to $4500 for an older car that doesn't get good mileage.
2) The dealers have to destroy the car so it is no longer driveable.

Seems good on paper, like so much the federal government proposes.
The government is the majority owners of the GM and Chrysler, so they can subsidize the shit out of these companies, they dont care about profit or loss.
The plan ran out of money within ONE week. So now they are planning to throw a few MORE billion dollars into it.

Now, just switch the name of this particular plan with another government plan, say...... Government health care.
Get free government money. Older cars, I mean people, have to go. Sorry, grandma.
Whats that? They never imagined how much money it would cost? No problem, we'll just throw more money into it.
Am I the only one in the entire USA who sees these government plans as a huge waste of money?


Oh yes, back to Cash for Clunkers.
Joe Six-Pack decides he is going to take advantage of this wonderful government program. He has an older car, probably paid off, and paying 100 or less a month for insurance.
After this wonderful government program, he now has a car payment of at least 350 a month, and 200 in insurance. Lets take a look at that math- before, 100 a month. After, 550 a month. I hope all the Joe Six-Packs have an extra 450 a month in disposable income.
Stand by for part II in afew months, Repos for Clunkers.