Scrapped

The federal government’s “cash-for-clunkers” program, in which potential new car buyers are offered up to $4,500 in rebates to trade in their gas guzzlers for new, fuel-efficient cars, was suddenly suspended last night because the deal was “too popular.” The House is now holding emergency debates on whether or not to pump another $2 billion of tax dollars into the program.

It’ll be interesting to see how the same group of people who mismanaged a car-buying program will do when it comes to running an entire healthcare industry.

ReferenceKeane, Angela Greiling. “Lawmakers Voting on $2 Billion to Replenish ‘Clunkers’ Program.” Bloomberg.com. 31 July 2009.

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