Sen. McCain may shy away from free market solutions now and again, but it's absolutely bang-on in his criticism of the Cash for Clunkers debacle:
"I just don't think it's a proper use of the taxpayers' dollars," McCain told The HIll. "The argument can be made, 'Why don't we have cash-for-refrigerators?' Or cash-for-anything? It's just a very, very bad use of tax dollars."
McCain acknowledged the program has brought an uptick in car sales, but said the effects will actually be negative in the long run.
"The results will be temporary, and when the money runs we're going to see the distortions that it's created in the market," he said. (more)
Meanwhile, Seacoast Online columnist Lynda Bettcher recounts her amusing experiment with Cash for Clunkers. Well, it's amusing if you're not Lynda Bettcher.
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