Quote from tmarket:
This is basically a tax break for a lot of consumer - infinitely preferable to loans and grants to badly run corporations.
"Clunkergate" (which the media would quickly label it if it weren't an Obaminstration program) is a textbook example of the broken window fallacy. It's every bit as moronic as Crap-n-Pay, beer diplomacy and everything else coming from a community organizer who has never held a real job or any real personal accountability.