One has to admire the budgetary savvy of the Congress in its zeal to mitigate carbon emissions, boost the auto industry, enhance its image or something.
Do the math: At $4,000 per clunker, $1 billion will subsidize 250,000 cars. The added $2 billion of our money will do another 500,000 cars; total 750,000.
I'm guessing there are some 100 million, give or take a few million, "clunkers" eligible for this charade. So, we will soon have dealt with less than 1 percent of the problem -- and not made a dimple in emissions. A total cure is out of reach -- think third "stimulus." But we will have provoked a lot of consumer debt.
However, this sure diverts the front pages from some health care discussion. Clever.