Obamanomics continues to miss the mark.

[AztecWilliam]

Does the market know better how to allocate American financial and economic resources, or do the politicians? Hmmm. Is that a trick question?! ;D

Well, look at Cash for Clunkers and ask yourself if that scheme bespeaks a hard-headed, fact-based understanding of economics.

www.washingtonpost.com/wp-dyn/content/article/2010/09/10/AR2010091006374.html

AzWm

PS Note Hoover's stimulus. Didn't know that one, did you?

[aztecwin]

Worth reading in its entirety. I would question one statement. That most of the cars sold would have been sold anyway. The only why that is true in my view is you would have to say the sales would take place eventually. Another stunning figure is that each sale cost $24K to the tax payer. Making the cost of used cars go up is just another reason that Cash for Clunkers was a stupid idea.