Cash for Clunkers II

What kind of economic policy would we see in a socialist country run by corrupt children with subnormal intelligence? Cash for Clunkers is a perfect example. By paying people to turn in their old cars to be scrapped, Big Government managed to use our money to create a fleeting illusion of economic activity. In reality, people were only encouraged to buy cars sooner that they would have bought anyway, resulting in a crash in auto sales as soon as the handouts stopped. Taking thousands of used cars off the streets no doubt enriched the lives of the polar bears in the imaginations of moonbats, but it lessened the overall wealth of society by destroying items of value.

It also artificially inflated the price of used cars. As liberals may be surprised to learn, when you make there be less of something, you make it cost more. Who is most likely to buy used cars? The poor, who once again were shafted by their bleeding heart champions.

As for the pretext of stimulating the economy, the same logic would dictate stimulating the economy by paying people with each other’s money to throw out their appliances. Unsurprisingly, the government does this too.

How to top something as staggeringly wasteful and moronic as Cash for Clunkers? Here’s how:

Ready for another cash for clunkers program? It looks like General Motors is attempting to replace it’s own consumer incentives with tax payer money. The car company, bailed out of bankruptcy in 2009 by the American tax payer, appears to be turning the government into an automatic rebate provider.

The Obama administration and their friends on Capitol Hill are floating around a proposal to change the $7500 tax credit for green vehicles. This change can be found not only in President Barack Obama’s budget but also a bill proposed by Senator Debbie Stabenow, Michigan Democrat. … The proposed Obama Budget, changes the existing $7,500 electric vehicle tax credit “into a rebate that will be available to all consumers immediately at the point of sale.”

According to Senator Stabenow’s website, her proposed legislation, known as the “Charging America Forward Act” (S.298), “will provide consumers with a rebate worth up to $7500 for plug-in electric vehicles at the time of purchase.”

Essentially, if one were to buy a $41,000 Chevy Volt, the buyer gets a $7,500 coupon, so the final price is $33,500.

The point as usual is to enrich Democrats’ crony capitalist bankrollers:

It is pretty convenient that Ms. Stabenow, who represents a state where GM is headquartered is pushing a bill that is also supported by Edison Electric Institute, whose president was loaned a Chevy Volt, Eaton Corp: the sole American producer of car recharge systems, and Battery Electric Vehicle Coalition, a lobbying group for the electric car industry.

Since no one in his right mind would pay $33,500 for a Chevy Dolt, look for the amount of the rebate to continue rising until people are paid to drive the useless lemons from the car dealer to the dump where they belong — assuming they can get that far without a tow.

Meanwhile Government Motors, which is paid with our money to make cars we don’t want, has been dutifully kicking back mountains of cash to bureaucrats while not paying taxes. Obamunism — the hideously deformed offspring of socialism and crony capitalism — is the quintessence of inefficiency and corruption.

general motors lobbying spending
Where your tax money goes.

On a tip from Conan. Cross-posted at Moonbattery.

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