Tuesday, August 04, 2009

Clunkernomics Perfect Example of "Scandalously Wasteful Economic Policy"

Worth the read- "Obama's ill-considered Clunkernomics"
By Rich Lowry

Money Quote:
"The Clunkers program demands that the old cars be disabled.
In a ritual repeated in dealership lots across America, sodium silicate is being poured into car engines to kill them.
Many of these cars have value and could be sold on the used market.
They are being destroyed senselessly in a diktat reminiscent of Franklin Roosevelt's slaughter of livestock during the New Deal. Decades later, we still haven't learned that the wanton destruction of goods is scandalously wasteful economic policy."

3 Comments:

Blogger Otter said...

More DooDoo Economics.

12:39 AM  
Blogger Red S Tater said...

lol... you said doo doo.

10:16 AM  
Blogger Otter said...

I did a piece about the cash for clunkers on The Otter Limits tonight.

10:16 PM  

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