Saturday, August 8, 2009

Cash for Clunkers: European Edition

Turns out the Cash for Clunkers that is so popular is not an original idea of the Obama administration or the 111th congress. Several European countries have had there own version in place for months. I found this article at Townhall about how some experts fear that these programs are making the problems for the car industry worse - http://townhall.com/news/business/2009/08/08/in_europe,_cash_for_clunkers_drives_sales

Wait! A government entitlement/subsidy/bailout program that causes more problems than it solves? Who has ever heard of such a thing?

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