How I Know the Stimulus Package Isn't a Total Wash

In one week, the money set aside for "Cash for Clunkers" is gone. So many people turned in their old vehicles with poor gas mileage in exchange for a credit of up to $4500 toward a new car that in one week, we went through the $1 billion set aside for the program. In other words, the government spent $1 billion dollars in one week to get, at the least, 2,222,222 inefficient vehicles, off the road. And that's if every single one of those car owners received the full $4500. So not only were over 2 million new cars purchased, but they were cars far more fuel efficient than the ones being driven.

Sounds like a program that actually worked. In fact, it worked too well. The government, from what I've heard but have no read, has approved another $1 to 2 billion for the program because it worked so well. I hope to take advantage of this program. Dude needs a new set of wheels.