Comes to us from the flameout of the Cash For Clunkers program.
The damned thing went belly up in 4 days. Burned through a billion dollars in cash. Turns out when you give something valuable (i.e. cash) away for free (or virtually free) an awful lot of people sign up to receieve it.
I'm not here to debate the merits of pulling older cars off the market so they can be replaced by newer cars that pollute less. Or to argue whether or not those new car sales constitute a needed economic stimulus. Maybe they do.
What I'm here to point out is the more important reality that a program designed to give something of value away ran out of that something in 4 days.
And what I'm wondering is... might this episode have implications for what Obama wants to do with a government run health case system?
Health care is both highly in demand and quite valuable. What do you imagine will happen if Government suddenly begins giving it away for free?
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