http://www.washingtontimes.com/blog/wat ... itol-hill/Ready for another cash for clunkers program? It looks like General Motors is attempting to replace it's own consumer incentives with tax payer money. The car company, bailed out of bankruptcy in 2009 by the American tax payer, appears to be turning the government into an automatic rebate provider.
The Obama administration and their friends on Capitol Hill are floating around a proposal to change the $7500 tax credit for green vehicles. This change can be found not only in President Barack Obama's budget but also a bill proposed by Senator Debbie Stabenow, Michigan Democrat.
Edmunds.com, a 45 year old trade magazine company that provides automotive information, posted a Department of Energy document listing the department's funding highlights. The proposed Obama Budget, changes the existing $7,500 electric vehicle tax credit “into a rebate that will be available to all consumers immediately at the point of sale.”
I'll use the anti-NASA arguments - we ought to spend the money to cure hunger and poverty and not subsidize the purchase of automobiles.
How many billions are going to be spent on this nonsense? Knowing the gubmint, it will be cheaper to buy each person who wants a car a brand new one in cash than it will be to administer the new "rebate" program they are floating....
Another giant joke from our incompetents in Washington, DC.