Responding to "Too Little Cash for Too Many Cars"

In the PLOG's post, Too Little Cash for Too Many Cars, author Ultima addresses the issue of the new government plan, CARS, otherwise known as "Cash for Clunkers", in which citizens turn in their older inefficient vehicles at their car dealerships for newer and more gas efficient vehicles. I must agree that many questions about this plan remain a mystery, especially when it has to do with money. Was $1 billion enough of an investment, or was it too much?
In theory, this plan seems pretty good, however like most plans the outcome is unknown until the plan is put in action. Thus far, CARS has proven to be quite popular as thousands applied to the system, before the plan was even put into effect. Yes, Ultima is correct in saying that only a minimal amount has been made out of this, but yet again the plan is still in its beginning stages. The program officially started on July 1st BUT the claims did not begin until July 24th, making the results worthy of only a few weeks. The program will need more than a week and a half to determine whether it is really beneficial or not.
It is true that our country has a lot more issues going on presently, however one of our heavier problems is our economy. This program, CARS, not only is it benefitting our environment, but by purchasing newer vehicles, it is bringing in more money into the automobile industry, and thus into our economy. It was mentioned that even those that did not fit into the requirements to trade in their cars, bought new vehicles regardless. At this point, the system has exhausted their funds, and therfore suspended the plan, but they are waiting on Senate approval to provide $2 billion more to continue the plan.
CARS is still a relatively new system, and many including myself are only starting to hear about it in commercials and other sources recently. If the system gains more popularity and Senate approves the additional financing, then possibly both citizens and our nation as a whole will benefit out of such plan. The final results, however, are yet to be seen.