Friday, August 21, 2009

What they should have done.

There's much talk of the flaws in the Cash for Clunkers program that is ending Monday. This is the program that gave buyers a rebates up to $4500, each, for trading in their gas guzzlers for fuel efficient models.

While it stimulated sales, the program turned out to be a bureaucratic nightmare. It was underfunded, the paperwork to receive the rebate was too complex, delays in mailing the rebates were painfully slow causing many dealers to drop out and it was underfunded.

All of this could have been avoided. Instead of putting the Department of Transportation in charge, Congress sould have passed it off to a defense contractor. Between sloppy record keeping and cost overruns, cash would have poured into customers pockets.

4 comments:

David M said...

The funny thing about this program is while right wingers were comlaining, they were also shopping for vehicle.

Suzan said...

Of course!

And of course (David M)!

S

I'm still wondering why anyone thought this was something beneficial to the underclasses.

A gift of that sum to everyone in the country would have been better for the economy and more cheaply instituted.

Like Australia did.

Case Wagenvoord said...

But it would be too sensible.

jasonbradyut said...

Good…, as they say, all good things come to an end. Actually, this could be considered a BAD thing b/c it’s CRAZY, we are giving people money to live more vicariously and lavishly than before all this economical bust took place? What are we doing? Spoiling every single last American? Let’s learn to live in moderation, then we wouldn’t have so much debt…Well, the fish sticks from the head..so the head is the While House…right?