Posted on 08/06/2009 6:16:57 AM PDT by SeekAndFind
Larry’s officially lost it.
I expect better of Kudlow.
Just because cash for clunkers is better than the myriad other forms of government waste doesn’t stop it from being government waste.
What an idiot.
Uh, oh. Has Larry resumed his coke habit?
To those who agree with “Cash For Clunkers”, may I offer the words of Samuel Adams:
“If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”
I like LK, but he is dead dead dead wrong.
Lots of things “feel good”, but they’re dreadfully dangerous.
C4C is EXACTLY one of those things.
What does anybody expect to happen when all these people realize they now have a new big car payment each month? Won’t something else suffer? I am pretty sure that money can’t be respent. The money going for the new car payment will necessitate buying less of something else.
It's not just another welfare-type transfer program.
Oh, yes it is a transfer program - from my taxpayer pocket to a car buyer. And its a total waste, as the engine is destroyed (as opposed to parting it out to stimulate other auto side industries).
If you want to stimulate the economy and bury the country in debt why not put the money in the hands of the American consumers.They are the people who stimulate the economy.There would be “NO” economy without the people to even speak of.The last people on earth that deserve a bailout are the people on wall street who sat behind their desk and robbed people/towns/cities and countries of their wealth from all over the world.That’s why the Asians call wall street “SUCKER STREET”.
What a steaming pile of totally unmitigated garbage:
Totally ignores the massive unintended consequences for used car and auto repair businesses. Totally ignores the unintended consequences for charities that are funded by selling donated used cars. Totally ignores that a LOT of the talk concerns how badly off the govt was with their cost estimates. Totally ignores that this is an example of govt picking winners, not the market, which is classic statism/fascism/marxism. Totally ignores that most clunkers are US made, which will hurt the US parts industry, while most new cars purchased under the program are foreign made (to the degree that the Big Three are really US manufacturers and Honda - with factories all over the US - is a foreign manufacturer, which is debateable.)
As I said, a steaming pile of totally unmitigated garbage.
It unfortunately shows just how out of touch he is, there in that NY-CT mogul corridor of his.
I find myself in the very uncomfortable position of being in the market for a new truck, as my current one’s transmission bit the dust and it’s just not worth sinking repair money into because the rest of the truck isn’t far behind.
And I want some of my &^%$!*> tax money back.
What to do... what to do...
And thanks to taking all these good used "clunkers" out of the market, we can expect them to go even higher, outpricing people's ability to own one.
Larry Kudlow should know better.
I agree. What a load of horse pucky. He must be high on something for him to ignore the secondary costs associated with this stupid C.A.S.H. program.
Kudlow can’t be this stupid. It’s bad enough he works for CNBC.
“As a free-market capitalist who does not believe in artificial spending..”
Yeah, you do believe in it. So please don’t label yourself as a free-market capitalist anymore. Ok?
Off the wagon. No doubt about it. Larry had better head straight for the nearest confession booth, and then find a 12-step meeting — fast!
And the price tag of the program is a mere $2 billion compared with the trillions of dollars Washington has been wasting...
Exactly how many cars were purchased for that $2 billion? How much government overhead per deal?
The biggest trade out there seems to be selling the Ford Explorer and buying the Ford Focus.
What happens to the Ford Explorer? Who owns it? How much to destroy it?
Now, I wouldn't want the government to pass out free money for everything. But in this particular case, the cash-for-clunkers rebate program is working...
So government intervention in the free market is good some of the time? Are you a Neo-Free Marketer Larry?
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