Cash For Clunkers II: $7500 Tax Credit for Buying a General Motors Car?

The Obama administration, feeling the heat from failed stimulus as well as seeing the General Motors is not healthy and probably won't survive $5 a gallon gasoline, is looking to create a Cash for Clunkers II. Cash for Clunkers II is even more sinister than its predecessor.

The Washington Times reports, "The proposed Obama Budget, changes the existing $7,500 electric vehicle tax credit “into a rebate that will be available to all consumers immediately at the point of sale.”

Buy a car and get $7500 free from the government. Peggy Joseph is obviously celebrating tonight. Obama may not have paid her rent, but he is at least going to buy part of her next car.