Cash for Clunkers is About Clunking the Economy
• Economic Policy JournalMoney misdirected towards new cars, when the old ones are fine, is money that will not be available for investment in other sectors of the economy, where it would naturally flow. It is Obama solidifying the vote of the financially unsophiticated--while he props up the union infiltrated auto industry--all the while distorting the natural flow of the economy.
