Wall Street Journal’s Take on Cash For Clunkers
The Cash For Clunkers bill has Americans trading in their clunkers and other serviceable types of vehicles for new automobiles with rebates up to $4,500 from the government. The response was so great, the government decided to throw additional funds into the bill and further it’s life.
Who is footing the bill for this “fantastic” idea? You don’t think it’s the government do you? My guess would be you and me…the taxpayers.
Why are we destroying automobiles that in many cases are still serviceable? Would other individuals like to own these pre-owned vehicles? What about charities? Used car dealers? Other countries?
From the Wall Street Journal:
“Americans are streaming back into auto showrooms, and one reason is the “cash for clunkers” subsidy. Democrats are naturally claiming this is a great success, while Republicans are claiming that because the program has run out of clunker cash so quickly, this proves government can’t run the health-care system. How do we elect these people? What the clunker policy really proves is that Americans aren’t stupid and will let some other taxpayer buy them a free lunch if given the chance.” See Wall Street Journal On-line for the rest of the story.
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