Out of touch, out of control, and with a bit of luck, soon to be out of power. Magnificent timing by Labor. No sooner has Joooolya Gillard launched her innovative and original “cash for clunkers” policy to “tackle climate change” than the Yanks have, er, yanked theirs:
The White House says its cash for clunkers scheme worked well but that it will not be repeating the offer.
Australian Prime Minister Julia Gillard has said she will introduce a similar scheme if re-elected.
The US cash for clunkers scheme was created last year as part of president Barack Obama’s bid to help the car industry during the financial crisis. [But Joolya’s policy isn’t about helping the car industry, because the Greens want everyone to give up cars and ride ethnic peace bicycles™, but to save the planet, of course.]
More than 500,000 drivers received rebates of up to $4,500 to upgrade their cars.
The scheme was so popular the government had to provide another $2 billion. (source)
Such a scheme here would be yet more money down the drain on pointless climate policies that could be better spent on, you know, education, health, roads, infrastructure – in fact anything else.