"The federal government suspended its "cash for clunkers" program at midnight Thursday after less than four days in business, telling Congress that the plan would burn through its $950 million budget for new-car purchases."
http://www.miamiherald.com/news/top-stories/story/1165059.html
The most effective and successful immediate stimulus so far was not part of the stimulus bill, and did not set up a new government bureaucracy. Rather, "cash for clunkers" simply returns big chunks of money to taxpayers on the condition that they spend it immediately. Will anyone in Washington learn this lesson?
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