Hold on to your wallet — the next wave of Cash for Clunkers-style programs is here. After spending roughly $3 billion of our tax dollars to get people to trade in their old cars so they can spend money they don’t have on a new, more fuel-efficient vehicle, “the government has set aside about $300 million for states to use to give out rebates of up to $200 to buyers of energy-efficient appliances like freezers, refrigerators, furnaces and central air conditioners.”

My very creative colleague Rob Raffety has a piece this morning in the New York Daily News where he explains how much this new deal is going to cost us. And if you are tired of reading, watch these very funny videos that he made about the two programs (here and here).

This one is my favorite:

Enjoy.