Cash for Clunkers Strategy of Destroying Working Assets

After having given away billions faster than even the optimists had anticipated, it was announced today that the federal government’s “Cash for Clunkers” program is coming to an early end. But, based on the standards of economic analysis which prevail in Washington, Wall Street and academia, the program must be considered a master stroke of public policy.

http://www.marketoracle.co.uk/Article12912.html

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