Like a phoenix rising from its ashes, Cash for Clunkers will return this fall in the form of a rebate program for household appliances. This new program promises to be as wasteful and short-lived as the original was.
A cause for worry is that the program is growing more specific with this latest incarnation. The rebates will apply only to models of the government’s choice. Cash for Clunkers gave out free money right and left; Cash for Appliances will be targeted, with politicians picking winners.
