What is really behind the Cash for Clunkers program?
Stimulation of new auto sales? Come on, do you really believe that Democrats would do anything to stimulate consumer spending? Especially on heavy industrial products. Nope, that is just a byproduct.
Elimination of gas-guzzlers? Considering that my 11 year old minivan is eligible even though it still averages 22 mpg, that isn't it.
Reduction in the supply of the inexpensive vehicles typically purchased by the young and the poor? BINGO! The reduced availability of these vehicles will drive up their cost and price them outside the means of the poor. Consequently enslaving the poor and the young to ride on government run mass transportation.
You really didn't expect Obama to tell us the real reason behind this program, did you?
Arizona Frybread
11 years ago
1 comment:
Not only a 750K reduction in that supply...
The dealers are required to destroy the engines (run them without oil, substituting silica sand in the oilpan).
Thus, 3x or 4x (??) that number of cars will be deprived of parts-swap availability.
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