What CARS? Maybe Cash for Refrigerators...

Senator John McCain is one of those who believe that approving an extra $2 billion package for the amazingly-popular Cash for Clunkers scheme is a bad, bad idea. He thinks that the Senate should reject the proposal when it comes on the tables this week, partially because the state should use taxpayers' money for other purposes and describes the new bill as "ridiculous", as thehill.com wrote.

Instead of Cash for Clunkers, McCain also issues a backup plan: cash for refrigerators.

"I just don't think it's a proper use of the taxpayers' dollars," McCain told The HIll. "The argument can be made, 'Why don't we have cash-for-refrigerators?' Or cash-for-anything? It's just a very, very bad use of tax dollars."

Furthermore, the senator thinks that the Car Allowance Rebate System will actually have a negative effect on the auto sector, even if the current results are quite exciting.

"The results will be temporary, and when the money runs we're going to see the distortions that it's created in the market," he said.

Separately, the US Senate agreed late Wednesday with the additional funding plan and will give their final vote today. President Barack Obama already warned that the scheme might run out of money by Friday and urged senators to give their final approval.

"I think if it doesn't happen this week, it's unlikely that we'll make it to the weekend with a program that can continue," White House spokesman Robert Gibbs said on August 3.

Americans purchased a total of 185,000 vehicles through the scheme and the $2 billion extension is believed to support the acquisition of an extra 500,000 units, according to official estimates.