In a knee-jerk reaction to spectacular failure, Congress has just approved an additional $2 Billion for the "Cash for Cars" program. That's the program that ran out of money after much less than a month of operation. It's intended purpose is to stimulate new car sales by giving customers a rebate of up to $4,500 when they trade in an old car for a new one.

Let's do some math....

The program ran out of its original $1 Billion in a matter of days. So, how many more days will it be before the additional $2 Billion runs out? The program, officially known as CARS (Car Allowance Rebate System), is a bureaucratic nightmare full of red tape. In other words, business as usual for a federal program.

Rather than actually fixing the confusing program (see video report, WTNH), Congress simply threw more money at it.

RELATED:
US House approves $2 billion more for 'clunkers' - The Detroit News
McCaskill says no mas on “Cash for Clunkers” - Columbia Business Times
How Government Health Care Would Work (see Cash for Clunkers) - CNB
Let Ford Recycle Your Ride - Find out if you qualify! - Ford

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