My wife and I had a semi-heated discussion about the Cash for Clunkers program.  Her argument is that it’s good for the economy and good for the environment.  I countered that it’s bad for the economy long-term and that the accountability and oversight of the program is lax.  Congress is getting set to approve another $2 Billion for this program, but when pressed, the OMB can’t/won’t give up numbers about the specifics of the program.  I still smell a rat.  I believe it’s one of those politically expedient programs that really has a limited financial impact but tremendous political impact.  I heard a pretty good quote about the Cash for Clunkers program.  I didn’t write it down, but essentially the writer said that adding another $2 billion to the program is less than the federal government spends in 1/2 of a day.  That put it in perspective.