cash for clunkers
Out of context: Reply #33
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- DrBombay0
For an additional amount for `Consumer Assistance to Recycle and Save Program' to carry out the Consumer Assistance to Recycle and Save Program established by the Consumer Assistance to Recycle and Save Act of 2009 (title XIII of Public Law 111-32), not to exceed $2,000,000,000, to remain available until September 30, 2010: Provided, That such amount shall be available for such purpose only to the extent directed by the President, and shall be derived by transfer from the amount made available for `Department of Energy--Energy Programs--Title 17--Innovative Technology Loan Guarantee Program' in title IV of division A of the American Recovery and Reinvestment Act of 2009 (Public Law 111-5)
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Basically, this isn't "new money" but an appropriation of money from the stimulus bill. And I would say it was the best example of "stimulus" we've seen yet. It's kinda funny because it is being derided by republicans, who generally love the leveraging of private money with public money. But i guess only when it is going to their campaign contributors and not to the taxpayers.