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CASH FOR CLUNKERS – subsidizing the wealthy(-er)

What happens when you have economic illiterates running the government. The rub on progressives is that they have a zero sum mentality. As in wealth is finite and must be divided. I think its worse than that…

Every time they venture into economic stimulus they suffer from one step thinking. The behavior they can predict and effects they can foresee only goes one step.

No idea about second order much less complex n-order effects.

This is particularly infuriating because I’m looking for a cheap 5 year old/75k mile Explorer or similar, and they used to be disposable (under 10k). Now they are 1.5 to 2 time more for the same vintage. Oh yeah, the mid-range new cars have gone up too…  Odd how that works.

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