Saturday, August 08, 2009

Cash For Clunkers: America Bamboozled

Let's see, we'll increase taxes on everyone and then give that money back to the few people who have a credit rating to buy a new car earlier than they need to, creating higher levels of debt to those buyers plus increased insurance premiums, creating false demand for vehicles we don't need to create, thereby polluting more to make more cars, then pollution to dispose (destroy) of the perfectly good old cars, which were running just fine. What? Not enough taxes generated to fund this train wreck for a week? Let's just print more, or borrow it from somewhere else. Never mind the starving people, people out of work, people losing thier home or without health care; Let's get (trade) some new cars on the road. This is the worst shell game I've heard of since the deliberate dismantling of the American rail system in some 80 years ago. We're doomed to repeat history apparently and we'll look back, not too far off, and say "Who the hell thought that piece of crap plan up?" Follow the money. All of this has happened before, and it's all happening again.

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