No surprise here, federal “cash for clunkers” program has been a big hit. People really like when the government forces the tax payers to pick up the tab for $3,500 of their new car.
If you were planning on participating and haven’t made it to the dealership yet I suggest you go today. It looks like the program is just about out of money and probably won’t be around much longer.
As a tax payer, I’d really appreciate a thank you note from all the people whose new cars I helped subsidize.