1.) Borrow money from China.
2.) Use that money to destroy valuable, usable capital, in America.
Cash for clunkers is insane!
It’s a cute promotional gimmick, but wow how expensive. If they just gave the checks out at random and didn’t bother with clunkers or new cars it would be more efficient at “boosting” the economy.
Higher debt AND wealth destruction...
What’s not to love?!
It annoys me that Kudlow continues to believe he is a proponent of the free market.