I commented on the cash for clunkers auto program prior to its execution. I pointed out why it would be a fiasco. It was a left-leaning, political freebie to the middle class for the wrong purpose. And it failed, as predicted.
It proved to be a non-stimulus gambit, that hurt future new and used car sales, as well as auto mechanics who repair cars.
This happens as a rule when government meddles in free markets, whether it be manufactured goods or services. And I include health services as well.
Yet, the Obama administration throws out feelers every once in a while to see if such stimuli can be done for other industries. These ideas from staffers are fortunately being quashed early on, before they see the light of legislative day.
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