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The popular "Cash for Clunkers" program, which recently received Congressional approval for another $2 billion in funds, marked a pivotal turning point in the evolution of bailouts: It made politicians realize bailouts are fine, as long as voters get a piece of the pork too. Or, as the saying goes,...

The "cash for clunkers" program, which offers $3,500 to $4,500 to buyers trading in older cars for newer, more fuel-efficient models, is a turning point in the government's plan to bailout the economy. The success of the program -- which ran out of $1 billion in funds after only one week -- led to...

The Obama administration's "cash for clunkers" program apparently blew through more than $1 billion in a week. Now, the U.S. Congress is scrambling to pass $2 billion in additional funding. But will that be enough? Officials from the automotive industry and the Obama administration were clearly...