Sunday, October 31, 2010

The Clunker Clunker

It’s time to once again draw a lesson from experience, something left-leaning politicians and their voters who put them in office have to learn over and over.

Take economic actions in a more efficient manner.

You always create problems when you meddle with the market economy. A perfect example was the cash for automobile clunkers program. All it did was rearrange orders that would have been done a few months later, leaving a drought of orders in its wake.

It disrupted the used car market by taking away entirely the supply of second-hand autos that only so many can afford to buy.

And the ill-conceived program cost the taxpayers dearly.

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