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« Trivia Tidbit of the Day: Part 687 -- Privatized Social Security. | WILLisms.com | Trivia Tidbit of the Day: Part 689 -- Targeting Red States. »
Trivia Tidbit of the Day: Part 688 -- Our Clunker-Based Economy.
False Stimuli-
Edmunds crunched the numbers, and each clunker cost the federal government $24,000:
Our entire economy right now seems like it is based on Cash for Clunkers, a temporary federal program that gave away "free" money so people would buy cars.
Now that the clunker program is over, will GDP growth continue?
Higher taxes and government takeovers of industry after industry are not helpful, to be sure. What is possibly even worse for the economy is all the uncertainty about what the Democrats may do with their large majorities.
Previous Trivia Tidbit: Privatized Social Security.
Posted by Will Franklin · 2 November 2009 03:33 PM