Friday, August 28, 2009

Cash For What??

You can tell how Cash for Clunkers was successful at its real intended goal -- stimulating liberal constituencies -- by looking at how many potential knock-offs they're now considering:

Cash for Kitchen Appliances

A $300 million cash-for-clunkers-type federal program to boost sales of energy-efficient home appliances provides a glimmer of hope for beleaguered makers of washing machines and dishwashers, but it's probably not enough to lift companies such as Whirlpool (WHR) and Electrolux out of the worst down cycle in the sector's history.

Beginning late this fall, the program authorizes rebates of $50 to $200 for purchases of high-efficiency household appliances.

Cash for Coiffures

A NowHampshire.com investigation reveals almost $37,000 of that money went to a Bedford beauty school that does not grant degrees.

The Office of Economic Stimulus granted Coiffures by Michael, Inc. $35,088 in a "direct payment for specified use," and another $1,571 in "student financial assistance."

Cash for Convicts

Federal economic stimulus cash was handed out to cons behind bars in Bay State prisons after a bureaucratic snafu resulted in $250 checks being sent to some inmates - and now red-faced feds want it back.

Okay, so that last one was actually a mistake.  But hey, isn't that instructive, too, isn't it?

But the auto industry isn't exactly left hanging out to dry, either...

Cash for Clunker Care

The Obama administration's bailout of General Motors and Chrysler has already reached a staggering $110 billion. But even that is not enough money to undue the damage big labor has done to the industry. Tucked inside H.R. 3200 is yet another $10 billion in bailout cash.

And, on a related note, tens of thousands of student veterans' education assistance checks are delayed.

Good thing the Obama administration has their priorities straight, isn't it?

There's my two cents.

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