Sunday, August 2, 2009

Cash for Clunkers

The "Cash for Clunkers" program has been termed a huge success by the mainstream media. $1 billion dollars spent in a week when it was supposed to last until November 1st. What this has succeeded in doing is to provide a means to unload some excess inventory from the dealers lots they have been having trouble selling. This will not increase production of automobiles, or steel to make automobiles, or plastics to make automobiles, or tires to put on automobiles or seats, or floormats, or anything else that goes into making automobiles. It' s just a blip in sales and now it's over.
What is needed to restart this economy is something that will be long termed and sustained. Something like letting people keep their own money and letting them spend their own money instead of pouring it down the rat hole that Washington has become. In addition, get the federal government out of many things that is none of their business, such as education and get serious about reducing the size of government.
Thanks