Friday, June 12, 2009

BRILLIANT MICROECONOMIC ANALYSIS OF THE CA$H FOR CLUNKER$ WELFARE PLAN

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[Hit the "cash for clunkers" tag below to get all of the Truth on the Cash for Clunkers boondoggle]

The USA Today discussion of "Cash for Clunkers" had the following exchange that points out the pernicious and short-sighted welfare aspect of these bills:

I'm not poor, and I am what most people in America consider to be "the future of this country." This will benefit young professionals who are trying to make a good start in this economy. My husband and I own a 1995 Mustang [NOTE: A HIGHLY COLLECTABLE CAR THAT SOME CLUELESS "APPLIANCE MOTORIST" WANTS TO DESTROY FOR A WELFARE VOUCHER] because as college students it was what we could afford. Now, with careers we are ready for a new more fuel efficient car. With this voucher (which would cover our car and the 22mpg Venza [NOTE: A FOREIGN CAR] we would like to buy, not a tin foil car to whomever mentioned that above) we would be able to get some value out of our trade to take about $50 a month off a new car payment. This voucher DOES MAKE A DIFFERENCE! And yes, it will cost $4 billion dollars, but it's an investment [CLINTONESQUE NEWSPEAK BUZZ-WORD FOR A TRANSFER OF WEALTH TO SOMEONE WHO DID NOT EARN IT] for the future. Many of my friends are in the same situation as we are and the Obama campaign is taking the steps to get us started in this terrible economic time.
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If you're the future of America, then we are all screwed. You want us to believe that trading you 95 mustang in for a $3500 voucher will allow you to own a new car rather than drive a clunker, yet you admit the difference will only be about $50 per month. So for $1.60 per day from Obama, you will be lifted from the desperate situation of driving a 14 year old car and blessed with the opportunity to do something with your life, all for $1.60 a day. I wonder how much money you spend on frivolous BS each and every day.

The future taxpayers be damned, I want my $1.60 per day!

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