Hey, what do you know, we’re 100% correct again.
The other day we pointed out how screwed up the federal Cash for Clunkers program was, predicted much angst, and lo and behold now the program has been suspended after only four days. The official tale is a bottleneck at NHTSA on approving the trades, but given the confusion caused by the EPA’s last minute changes to the rules of the program, this should be no surprise.
In other words, another federal program that promised something for nothing winds up tripping all over itself. Do tell.