September 3, 2009: Update on Cash for Clunkers
Today, the WSJ reported that the Obama administration plans to add another 2,000 workers to the 1,100 already toiling away on the paperwork for the 'Cash-for-Clunkers' program, which ended back on August 24. I kid you not.
In a previous post (see August 24th), I noted how the administration had been forced to more-than-triple the number of workers processing 'clunker' paperwork, from 300 to 1,100. Now, ten days after the program ends, we learn that they need to AGAIN triple the number of workers from 1,100 to more than 3,000. In other words, the administration underestimated the number of workers needed for this program not by a factor of THREE but by a factor of TEN! That's right: off by one full order of magnitude.
Meanwhile, dealers continue to complain about the program, with many fearing that they will not receive the promised rebates because their "paperwork is not in order."
Sounds more and more like something out of the 1980s era Soviet Union, for those of us who remember that country.
