The "Cash for Clunkers" program "is up and continuing to run," at least through this weekend, White House officials said today as House members rushed to come up with $2 billion to keep the popular program afloat.
That’s good news. More gas guzzlers off the road, more money flowing through the economy.
Texas Republican Jeb Hensarling, a senior member of the House Budget Committee, is opposed to the House considering legislation to add more money:
"Cash for Clunkers is another example of the government picking winners and losers and enshrines us as a bailout nation. Almost everyone is hurting in this economy, and sadly for many workers across East Texas and America, Pilgrim’s Pride, one of the largest poultry producers in the country, recently had to file for bankruptcy. Where’s their ‘Cash for Cluckers’ program? You cannot bailout, borrow and spend your way to prosperity. We now have highest unemployment rate in a quarter of a century. The bailout mania approach to economic recovery is not working."
Pilgrim’s Pride is going bankrupt because it’s a really awful company, though they do give lots of money to Hensarling so maybe in his mind this qualifies them for a stimulus program. Extra points for the bad pun.
But Michelle Bachmann makes a strong play for the Golden Wingnut award with this tweet.
The government can’t run "cash for clunkers" properly, never mind your health care.
What does that even mean?
The extension passes in the House.