Cash for Clunkers gained notoriety as a federal program that quickly ran out of money (new funding followed). Reason.tv recently satirized the program, pointing out problems with the program far beyond poor cost estimates.
Here’s a description accompanying the Reason.tv video:
Come on down to Uncle Sugar’s Auto Mall! It’s the CASH FOR CLUNKERS EXTRAVAGANZA and Uncle Sugar has gotta deal for you, courtesy of voiceless posterity (at the intersection of unsound policy and political expediency).
Because concentrated benefits and dispersed cost is the NEW AMERICAN WAY! YEE HAW!