Life of an Internet Entrepreneur

When President Obama unveiled Cash For Clunkers, a government program to trade in old inefficient cars at dealerships in exchange for new efficient models, many people applauded the effort for its laudable goals:

• Lowering pollution in the air by having newer, cleaner emission cars taking the place of older cars with worse emissions
• Jump-starting the American auto industry, which had been selling so few cars that dealers, factories, and suppliers were shutting their doors.