Wanted Dead or Alive

WANTED, DEAD OR ALIVE

It looks like the latest stimulus is also an effort to improve the fuel economy of our car stock. The Obama team and the Senate are contemplating a $4500 voucher program for anyone trading in an older low-efficiency, high-polluting car for a newer model. It is unclear at this time if the voucher would only be good towards an American car (What’s that?) or if the trade-in vehicle would have to be scraped.

The bill is sponsored by Sen. Dianne Feinstein, D-Calif., Sen. Charles Schumer, D-N.Y., and Sen. Susan Collins, R-Maine. First they loan money to the car companies, then they insure the survival of the car companies at the expense of the taxpayers. This stimulus thing could get real expensive, really fast. The latest estimate from Dow Jones is over $850 Billion this year.

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