Cash for Clunkers or Jack for the UAW

Does this make sense?

America is experiencing a financial crises because we have borrowed too much money and we produce too few products within our borders. So, we have borrowed one billion dollars from the Chinese so that a few people can buy more fuel-efficient cars.  Dealers say some of these trade-ins are low-mileage cars in amazingly good condition and that most of them are paid for. Not only is the government going further into debt, but so are most of the buyers.  Now they want to add another two billion dollars to the program. And this is going to help us how?

The only way out of the situation we are in is to decrease our consumption, increase our production, increase our savings and decrease our debt, both private debt and public debt. If you can bear to see how fast it is piling up, take a look here.

This program is selling cars and making people feel better. Bread and circuses.


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