Crackpot Economics

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.

via Cash For Clunker Policy Is Crackpot Economics – WSJ.com.

As the Journal points out, the real Clunkers are in Congress. This is Crackpot Economics at it’s worst. Simply moving money from one group to another doesn’t accomplish much unless the recipients are in great need of public charity. This is more like re-arranging the deck chairs on the Titanic. How do we elect these people?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: