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Friday, July 31, 2009

The Clunker Clunker.

"Cash for Clunkers" got a lot of folks jazzed up, but it flamed out in 1 week.

Is this just some oddball quirk of a program, or should we see it as a sign that all those other programs loaded with money and big ideas are fatally ill-designed?

AND: Ha ha. Instapundit drives a clunker.

AND: "House seeks $2B more in cash-for-clunker aid." Rule of thumb: After a program goes into operation, the estimate of its cost will increase by >200%. Not fair? Why? Because it's too high or because it's too low?

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