Thursday, August 06, 2009

Cash For Clunkers

SAW simply can't figure out the rationale for this silly scheme in the US, now the latest recipient of government largesse. Cash is handed out for returning an old non-fuel-efficient car, which is then applied as part payment for the purchase of a newer fuel-efficient car.

Given that vast swathes of the American population are now in debt, all this scheme does is add debt on debt.

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