CASH FOR CLUNKERS

Obama’s “cash for clunkers” scheme has just finished and the BBC ran this item on it this morning, suggesting that it has been a hugely popular success. The meme is that the stimulus is working. In a four and a half minute item, the BBC kindly provided 30 seconds to the view that this has been far from economically effective and may cause more harm than good. The bias is clear – cash for clunkers is just swell and Obama is on the right path.