July 31, 2009

Too Many Clunkers, Not Enough Cash
— DrewM

Wait, people will show up in droves when you are handing out cash? Why who could have seen that coming?

The White House said Friday its wildly successful cash for clunkers program will continue over the weekend and the administration is working feverishly with Congress to get more money to extent the program.

...The House, which was set to leave Washington at the end of the day for a month-long recess, was trying to reach agreement on emergency legislation to increase the program's cash supply from its original $1 billion. There is speculation the amount could be doubled or tripled.

...News broke late Thursday that the program, which began only last week and had been scheduled to run through Nov. 1, might have already exhausted its resources.

The National Automobile Dealers Association said its survey of 2,000 dealers showed that about 25,000 deals had yet to be approved by the government, raising fears that the 250,000 vehicle sales slated to be funded through the program had already been surpassed.

Once again the Obama administration shows it awesome grasp of economics and ability to predict the results of their policies. We should definitely trust everything they say about health care costs.

BTW-For those interested, here's a take down of the program from a free market perspective. It's pretty obvious stuff, unless of course you are a leftist and happen to be President of the United States.

A taste:

There’s a distinct difference between a successful government program and a good government program. In effect, Cash for clunkers is a classic lesson in Economics 101: What Not to Do. It’s sadly reminiscent of Frederic Bastiat’s broken window fallacy, except that instead of breaking windows to “stimulate the economy”, we’re destroying perfectly good cars. Meanwhile, we’re asking consumers to purchase cars they might not be able to afford and incur more debt. While the program is ‘working’ in the sense that people are buying new cars, not only has the government had trouble dispersing the money, the program is full of unintended consequences including dubious environmental benefits.

Here's my modest proposal, forget the proposed law that candidates for President have to show a birth certificate, make them take a freshmen level test in basic economics. If they can't pass that, they aren't eligible to be President.

Posted by: DrewM at 07:12 AM | Comments (4)
Post contains 395 words, total size 3 kb.

1 DVD to MOV Converter for mac is the one that you have been looking for. Using this software, you can quickly load dvd files and convert them to mov on mac/os x system DVD to MP4 Converter for Mac is an excellent Mac DVD to MP4 ripper, DVD to MP4 Mac converter to fulfill your needs of ripping DVD to MP4 and AVI videos DVD to PSP converter for Mac is a very professional Mac DVD to PSP converter. It is a powerful PSP conversion tool for Mac OS users to rip DVD to PSP MP4 for playback on PSP players. DVD to Youtube Converter Mac

Posted by: rdt at January 13, 2010 05:30 AM (mrfuS)

2 we offer Gucci handbags online sale, Gucci bags for cheap, Gucci wallets on sale, Gucci Purses for sale cheap Gucci handbags for sale, cheap Gucci bags online sale, discount Gucci handbags online store, Gucci replica handbags for sale, cheap Gucci handbags sale on sale,

Posted by: Gucci bags at April 18, 2010 11:31 PM (zgbHe)


Thank you comes to our web about Steelers jerseys. We offer the authentic, Premier, replica jerseys, our jerseys are high quality, all names, numbers and letters are stitched,  free shipping, welcome to our shop to choose your favorite jersey, if have any we can do for you please feel free to contact us!


 Ben Roethlisberger Jersey

 Maurkice Pouncey Jersey


 Jeff Saturday Jersey


Jared Allen Jersey

Posted by: steelersjerseys at November 08, 2010 12:41 AM (kB7lh)

4 iPad to Computer Transfer is the best solution to the problem of transferring files from iPad to computer. As iPad gets more and more popular among the people all over the world, to have an iPad to Computer transfer becomes very necessary. Here we suggest this iPad to PC Transfer, that is because this iPad to Computer Transfer can not only transfer images, music, photos, PDFfiles, epub, playlist and so on between iPad and computer, but can also transfer files from iPad directly to iTunes. Or you can also use this iPad to Computer Transfer to manage your iPad files as a hard drive.

Posted by: iPad to Computer Transfer at November 18, 2010 06:15 AM (+he18)

Hide Comments | Add Comment

Comments are disabled. Post is locked.
75kb generated in CPU 0.09, elapsed 1.067 seconds.
62 queries taking 1.0356 seconds, 240 records returned.
Powered by Minx 1.1.6c-pink.