Cash for Clunkers Procedure

[mlomaka]

This is a complete waste. Then they crush them after this. So far, the number one car being sold from this program is the Toyota Corolla. Great way to stimulate US auto makers (I know the Toyotas are made here now).
Am I the only one who sees a repeat pattern here? Doesn't this program seem familiar? Wasn't there some other program that tried to stimulate the market by getting people who can't afford something into debt for something they can't pay for? Wait, wasn't that the housing program?! Isn't that what caused this problem? I wonder how the used car market is going to look after they reposses cars from people who can't afford them?

Just a thought,
Mike