Homer said, "It's quite a brilliant plan, actually... As long as you don't believe in free markets. Never fear, billions more $$$ are on their way..."
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But, Homer, you and I paid for those $billions. Government is broke without us picking up the tab.

Do you realize that practically no attempt is being made to salvage usable parts of those cars being flattened to the ground? So, what is going to happen to (1) the price and availability of those replacement parts and (2) the jobs of people and companies who now salvage replacement parts that are no longer made?