Tuesday, June 9, 2009

Unintended Consequences Part I

House plan seeks to pull car sales out of doldrums: "With auto sales in the doldrums, the House was considering a plan Tuesday to provide vouchers of up to $4,500 for consumers who turn in their gas-guzzling cars and trucks for more fuel-efficient vehicles." I see the cost of new vehicles "inexplicably" rising by about $4500 or so in the next 18 months, no doubt to cover the cost of proposed efficiency improvements... (On the other hand, this is far more than the estimated $1000 my old Explorer is probably worth on the open market.)

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