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Archive for August 2nd, 2009

Cash for Clunkers: Why the Government is Incapable of Competing with the Free Market

Posted by ghostofsparta on August 2, 2009

Crossposted at http://paranoidpyro8503.blogspot.com/2009/08/cash-for-clunkers-why-government-is.html

When I first heard about the “Cash for Clunkers” program the goverment was going to institute, I was skeptical. Shocker, I know. I’m a free marketer through-and-through, and one of those people that relizes that the only money the government can spend is our money. So the government says that they will give you up to $4500 for a new car, given the right circumstances at the time of trade-in of course. But of course conditions apply: only certain cars meet the criteria, your new car must have better MPGs than your old one, etc. And this program, which was set to run through November was allocated $1 billion dollars. As of this weekend, the program is out of money…and these people want to be in charge of our healthcare (shudder). Read the rest of this entry »

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