August 6, 2009

Cash for Clunkers a success ... or is it?

As you likely have heard by now, the Cash for Clunkers trade-in program — in which you can receive a government handout for trading in older, less fuel efficient cars for newer, more fuel efficient ones — has blown through $1 billion in less than a week.

Now the Obama administration is making the case for $2 billion more in funding to keep the program running.

However, the "most" transparent administration ever has yet to release the data which would support — or undermine — its claims that the program is a success.

And make no mistake about it, the emphasis is definitely on undermining it. Just as no kid hides their "A+" report cards, this administration would be the first out of the gate if the program was half as successful as they claim it is.

Before the Senate takes any action, it should insist on seeing the cold hard facts about "Cash for Clunkers."