Friday, July 31, 2009

What the "Cash for Clunkers" program tells us

1. The $4500 cash is simply giving people their money back.
2. Incentives and tax cuts encourage economic activity.
3. There are many members of Congress who would prefer to curtail all consumption, hence a conundrum.
4. A tax holiday would have been preferable and more successful to the print the money stimulus program Obama sponsored.
5. The government wants and command and control economy.
6. Liberty is sacrificed to the whims of government.

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