Posts Tagged cash for clunkers
This is something that I’ve expressed concern over previous, noted here and here.
Just about anything run by the government is a scam and a way to defraud the public and this program is no exception. This would be a good time to note why capitizalism worked well because it decentralized from the government, leading [...]
Dr. Ron Paul does a fantastic job discussion and describing why the “Cash for Clunkers” really screws up the economy and hurts the hell out of the poor.
From CNN:
The House on Tuesday waded deeper into the rescue of the troubled auto industry when it passed a $4 billion plan to subsidize new cars sales for consumers who scrap old ones.
By a vote of 298-119, the House approved the “cash for clunkers” program.
So umm, where exactly does this money come from? Why does [...]
