Cash for Clunkers Will be a Permanent Entitlement: Thousands of people are rushing to get in on the Cash-for-Clunkers deal from Washington that pays them up to $4,500 to trade-in an old gas guzzler for a shiny new fuel-efficient car or truck. Dealers love it because it brings people they haven't seen for years back into their showrooms. Customers love it because $4,500 is a good chunk of "free" money. (H/T Washington Examiner)
Do as they Say, Not as they Do: Although the vote has been delayed until after Congress' August recess, the debate swirling around ObamaCare and the potential government takeover of American medicine is still raging as furiously as ever.
The Next Bubble Has Arrived: With everyone weighing in on the "Cash for Clunkers" funding problem (including Slate, Heritage, and Malkin) it is hard to believe that nobody hit the nail on the head. This is the next bubble. This is exactly like the housing bubble.
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