Not even the most optimistic greens could have predicted that the federal government’s cash-for-clunkers program would work this well more than 240,000 Americans have traded in their clunkers so far, and the program has already burned through its first round of funding. But green groups were a bit wary of cash for clunkers at the outset, concerned that the legislation’s requirements on fuel economy were too lax. Under the program, newly purchased passenger cars must have a minimum fuel-economy rating of 22 miles per gallon hardly superefficient and they need to be only 4 m.p.g
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The Sacrifice Gap
In his Inaugural address, Barack Obama summoned Americans to a “new era of responsibility” and challenged us to end the politics of “standing pat … and putting off unpleasant decisions.” It could have happened. If there was ever a President sitting on a high enough mountain of political capital to lead the country through a series of very painful but necessary political decisions, it is Obama