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Cash for Clunkers as a meditation on the moment
You lump the people who caused the financial meltdown with the people who passed cash for clunkers? One cost many trillions, the other $3 billion, yet you finally complain, and its about the people who provided the much smaller amount? Says a lot about your perspective: Humungous outrages by Republicans, not so bad; small populist measures by Dems? Outrageous. It's too much to expect right wingers like you to be either consistent or measured.
You make it sound as if the Repubs. are 100% responsible for our financial mess!! I agree Bush started to look an awful like a democrat during his last term, but his las two years was with a democratic controlled congress... And you can thank your "idols" Frank and Reid for the housing crumble that caused us to tumble down the slope....This "cash for clunkers" is nothing more than another auto industry bailout!! What happens now to the auto industry when all the buyers have their new cars??? No one is going to be buying again.... "You Guessed It", ANOTHER auto industry bail out may be needed.... What happens when all these people are unable to make their new car payments???? "You Guessed It".. massive repo's, the banks lose money, ANOTHER bank bail-out may be needed!!!! Where does it all stop???
The government could institute a program to hand out ice cream with a $10 bill wrapped around the cone and a constituency would look at the demand for that program and call it a success. No need to bother with cost/benefit analysis. No need to ponder weather that is legitimate role of government. No need to ponder the changes to society when government does what we can/should do better ourselves.
Sure, some craven Dems supported the "Free Market" craziness since 1980, but it is a Republican plan. Reagan, Feldstein, Freeman, etc. promulgated and passed deregulation and tax cuts for the wealthy. Clinton was just a weak Republican. We were 30 years getting into this mess, led by Republican presidents and congresses who controlled the country for that period.
I was going to comment on the topics ,but after reading the comments in this paper ,this paper might as well say the huffington post on its masthead.Were the liberals in this state just as fair to Bush and Palin remember.I's not worth my time to comment any further.
Why do we spend so much time trying to fix the blame instead of fixing the problem. There were many people from all parties who made the climate what it is. It doesn't solve anything to try to fix the blame. That only creates a climate for more partisanship which seems to be counterproductive to real solutions. We can't go back - only forward!
Cash for clungers is exactly what the economy needs at this time. It is not about rewarding bad behavior its about creating good behavior through incentives. It also increases spending thereby helping the GDP. All of this is ignored because its much more fun to pigeonhole people and assume we are better or smarter even though we are all participating in the same economy. Somehow Mr. Tice and his ilk had no effect and others are to blame.
It's wasted energy to try to point blame. It's useful to look back and learn from it. But that's emotion for ya! The article isn't really about cash for clunkers, he's simply using that example as a rumination to draw parallels to this Keynesian economic philosophy holding sway at the moment. He sums it up, more or less, with the many large examples of "throwing money at problems" our great leading minds (both elephant and donkey mind you) whom caused this mess (or were lazily complicent) and have been in a hurry to jam down our throats.
This is the kind of program that I would normally be against, if I thought that the alternative would be to save the money. However, since it is certain that the government will continue to throw money against the wall to see what works, at least this program is accomplishing something, however small the total effect may be.
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