One of the criticisms I have read of the “Cash for Clunkers” stimulus is that the program is poorly administered.
It seems disconcerting that such a seemingly simplistic program like the “Cash for Clunkers” program is poorly administered. One is led to wonder how more complex programs will be managed.
The effectiveness, and efficiency of how stimulus is administered is very important yet rarely discussed.
SPX at 998.59 as this post is written