Wednesday, June 10, 2009

Policy is never so bad that it can't get worse

Want to know the sad part about this? I'm truly, honestly surprised that there isn't a provision in here that stipulates you get more money, or maybe only get money, if you buy an American car.

Though I love the following line:

The program lasts either one year or until the funding runs out.

If the federal government hasn't run out of funding yet, it's not going to happen for a good long while.

If this passes, or looks to pass through the Senate, we should expect to see a price spike in the used car markets for those varieties eligible for the rebate.

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