Cash for "clunkers". With the end result of drying up the supply of cheap cars that those with modest income can afford. Yep, the democrats are for the poor alright!
Mises Daily article here
"Who could possibly claim that buying up drivable used cars at prices far in excess of their market value, for the express purpose of destroying them, will be beneficial for the economy or the planet? You guessed it: a combination of economy-saving politicians and earth-saving green activists are peddling the wonders of a new government program popularly known as "Cash for Clunkers.""
Wednesday, July 22, 2009
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