Sunday, August 23, 2009

Leftists claim Cash for Clunkers a Success

By Winston

Don’t let their lies deceive you. Cash for Clunkers was a complete failure and did very little to ‘stimulate’ the economy. The reality is that it just proves how our government can’t get things right.

Failure #1 – The initial $1 billion was gone in a few days. The government predicted this money would last until October. Nice planning there Obama administration.
Failure #2 – Auto dealers are not getting refunded by the government. They front the cash for the buyers and expect the government to repay them. Sounds like a small version of Social Security.
Failure #3 – Foreign auto builders made out the best on the deal. Only one American car was in the top 5 list. They should have limited the program to American cars only. Even though some of the foreign cars are built in the US and employ US workers, the guys on the top in Japan get the real payout.
Failure #4 – They destroyed the cars traded in, regardless if they were perfectly functioning. Why not donate them to families in the US who don’t have transportation and desperately need it?

Now if the government can’t run a $3 billion program over a few weeks, can you really trust them to run a $1 trillion healthcare program over 10 years? The answer is no. Social security is going bankrupt and Medicare is in the tank. The post office is near bankruptcy.

Big government is not the answer to our problems. Less government, less taxes, and free-market competition is the way to lower costs, create jobs, and expand businesses. That would be a real stimulus package that wouldn’t cost the tax payers one cent, and has proven in the past to work. What Obama is trying to do has a proven failure record – every time.

1 comment:

  1. On a positive note, some taxpayers did get some of their money back. It shows that letting us keep our money is the best way to stimulate the economy.

    Papavern

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