Give me a break. What's going to be next a Clunker program for Cell Phones? All out government is doing is wasting more of our money and driving the deficit even higher. We don't need any more programs like this. At a time when the federal government is taking in less tax money the last thing they need to be doing is wasting any more money on clunker programs that will not help the economy in the long run.
The Clunker program for cars did get 700,000 vehicles sold (if you believe the government) but what I would like to know is how many of those people would have bought a car anyways without the extra money that our tax dollars gave them?
How about a novel idea. Instead of handing out money like they are why doesn't the government send out another stimulus check to all households? Many of the people that I know would use that money to pay down their existing debt or buy items that they need to replace but currently don't have the extra money to do so. Either way it would either free up money that banks currently have tied up in existing loans ( and if they were smart allow them to approve more loans) or by buying items it would put money into the economy at a time when most people are not spending as much.
What was I thinking? There is no way that the government would allow such a thing to happen because by spending less money they would actually accomplish something that they have been able to do.
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