NPR vs. Cash for Clunkers

I've been listening to NPR's Planet Money podcasts lately in an attempt to seek out different points of view on economics and the economy . While I find that this podcast tends to deliver the usual left of center interpretation of economic news found just about everywhere you look these days. I will say that occasionally the podcast does ask some very good fundamental questions about the economy and economics.

The latest podcast is a good one. It tackles the issue of the viability of the Cash for Clunkers program with Jeremy Anwyl of Edmunds.com. Anwyl, CEO of Edmunds.com, explains his company's recent report stating that the Clunkers program was a big ole failure. This, of course, has rankled the White House to no end. A rather terse interview with White House Keynesian hack, Austan Goolsbee, illustrates concretely how much this administration despises any questioning or criticism regarding their economic programs---even from left leaning journalists from NPR no less. But most importantly, how this administration goes to such great lengths to spin data that doesn't support their view with the usual "glass half full to your glass half empty" argumentation.

New car sales crash after "clunkers" program

Wow. What a surprise. And to think that cheerleaders for this massive government transfer were just weeks ago patting themselves on the back. How long before Congress starts making noise to have another "clunker" of a program?