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Copyright by John T. Reed
That program gives away free money. How is anyone surprised that giving away free money is popular? How is giving money away for free and having people say, “Yes, I’ll take some” a success?
They are giving away free money by purchasing used cars worth $500 to $1,000 for $4,500.
By the way, the money Obama is giving away is your tax money. Who benefits?
The clunkers are worth $500 to $1,000 each. But they are being totally junked. Why?
They should be sold or dismantled for the parts. If the Democrats were the compasionate Mother Theresa’s they would have us believe they are, they would have donated these cars to the homeless or Mexico so some such. Instead, the cars are ordered to be destroyed in spite of their value.
Why? Apparently Democrat hatred of SUVs, pickup trucks, and the sort of red-neck, red state people who drive them. These valuable cars are being smashed because they are a symbols of Republicans.
The 8/6/09 Wall Street Journal has a story titled “Clunkers Plan Deflates Mechanics.” Less affluent people have wisely and frugally been trying to make their old cars last as long as possible. But suddenly, because of the Cash for Clunkers program, they are telling their auto mechanic never mind. The repair shops are losing business. Serves them right for not contributing to the Obama campain I guess.
Columnist Charles Krauthammer likens the Cash fo Clunkers program to the ultimate Keynesian economics program which pays half the citizens in a country to dig holes andthe oter half to fill them back up.
This is childish and a waste of taxpayer money.
How many more “successes” like this can U.S. taxpayers afford?
John T. Reed