Archive for July 31st, 2009

Cap-and-clunker?

July 31, 2009

This week’s failure of the Obama administration’s cash-for-clunkers program — it ran out of money within a few days of starting — should give us all pause.

If the Obama administration and Congress can’t design, fund and execute the relatively simple task of giving away taxpayer money to people who buy new cars, then what can we expect from their 1,400-page Waxman-Markey bill that completely rewrites national energy policy?