All Posts Tagged With: "Cash for Clunkers"
Cash for Clunkers Was a Loser
President Obama’s Cash for Clunkers program, inspired by the Consumer Assistance to Recycle and Save Act, ended August 25, 2009. As I drove through a major shopping area that day, I passed a large and highly successful Toyota dealer. Just past the sparkling showroom and sparsely populated lot of new cars, “clunkers” sat in a [...]
18Nov2009 | Bruce Yandle | 5 comments | ContinuedStealth Expansion of Government Power
The government of the United States spent the year debating major new undertakings, ranging from health care to climate change to energy development to tax reform. Yet a far more fundamental shift, in the form of a rapid and pervasive expansion of government power over the private sector of the economy, has been going on [...]
23Oct2009 | Murray Weidenbaum | 1 comment | ContinuedThe “I Hate the Poor” Act of 2009
So I was shaving the other day, and the man on the morning talk radio show was on a roll. Cash for Clunkers was being temporarily shut down, or so declared the PR flack in the Department of Waste that administers the program, and Talk Show Guy thought this taught great lessons. “This was a good program! [...]
23Oct2009 | Christopher Westley | 4 comments | ContinuedPost-Clunker Slump
MSNBC is reporting retail sales have fallen to a YTD low now that the Cash for Clunkers program has ended. Is anyone surprised? The first time home buyer will probably lead to similar a collapse in home sales. That’s the problem with “stimulus,” by definition it can’t be sustained, and the subsequent crash is probably [...]
14Oct2009 | Mike Van Winkle | 1 comment | ContinuedObama Hates Poor People
That’s the only conclusion to draw from the Cash for Clunkers program, under which the government gives people credits toward new cars if they turn in their less-fuel-efficient used cars for demolition. Of course, that will raise the price of used cars and hurt low-income people, who depend on the use-car market than higher-income people. [...]
4Aug2009 | Sheldon Richman | 4 comments | Continued-
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