Cash for Clunkers -- what an economic crock!

Can you believe your eyes and ears, America? Liberals and Dems are touting the success of the Cash for Clunkers (CFC) program! They are falling all over themselves to tout what is basically a "FREE MONEY GIVEAWAY" program using YOUR tax dollars, and they even got several stupid Republicans to support giving the program another $2B USD so they could keep it going. What a farce! Can we have slipped into delusion at such a rate as to think that giving away $4500 USD for making a purchase of a car (not even a US car company car) to rich people that could afford to make the purchase anyway?

 

This has reached a point from which you can probably see that while this clown is in the White House, and his two sidekicks, yes I mean Pelosi/Reid, are running the Congress, your tax dollars are basically going to be poured down more rat holes while they take center stage to tout their innovation and compassion. These people are so drunk with power and status that they can't even see that their actions are counter to EVERY principle known to modern economic theory.

 

Why wouldn't FREE money giveaways be a success? Unbelievable. Such stupidity and arrogance.

 

Just think about the LOUC (law of unintended consequences) for this one.

1. The CFC gave money to those already capable of passing tightened leaning practices (rich people)
2. The CFC "brought forward" purchases that would have been done anyway, but now leaving a gap in the future when the recession is suppose to be ending.
3. Cases that the CFC monies are being used to purchase luxury SUVs that in econo-mode get just the barest minimum of gas efficiency.
4. That CFC will be the model for more giveaways in mortgages, boats, student loans, residential home energy upgrades, etc. Look how quick this SMDC "printed up" $2B USD more to this program.
5. The CFC program will impact the used car market by reducing the number of used cars available for sale further jamming future car purchases.
6. The CFC program is being used to purchase non-US car company vehicles thereby supporting foreign car companies over GM (government motors) type companies.
7. The CFC program is distorting the car purchasing paradigm for the next 2 years requiring more and more CFC-type programs: one begets the other.

and many more...

 

Anytime the USG sticks their hand into the "free market" (now there's a joke) in the US, the distortion waves span out for years and into other industries not even contemplated. This is a direct application of the LOUC principle. Be prepared for more and more CFC-type programs so the Liberals/Dems/BHO can crow for a short time before the pigeons come home to roast. Yes, I meant roast, not roost.

 

Unbelievable stupidity fostered by unmitigated gall and arrogance. America truly is beyond repair with these jokers in office. The 2010 election will tell the tale if America will be destroyed or salvaged, and its just a mere 15 months away.