August 25, 2009

Here we go again

Since "Cash for Clunkers" has worked so spectacularly well, let's try another program structured along the same lines:

The Obama administration hopes a new incentive program will help the economy and the environment, persuading people it's time to replace that creaky old thing in your kitchen. The federal government has set aside $300 million for the program as part of the economic stimulus plan.

The details of the program are still being worked out, and they will vary from state to state. State governments have until Oct. 15 to send detailed plans to Washington.

I saw a report on this on a local news program, where some appliance dealer was hopeful about this giving his moribund business a shot in the arm. Yeah, good luck with that.

Posted by: Sean M. at 12:19 AM | Comments (2) | Add Comment
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