Actual Stimulus Program Almost Denied

Cash for ClunkersAll government ideas are not ALL bad.  I’m not sure I would advocated a “Cash For Clunkers” program if the economy was humming along, but it seems like a decent idea. Actually giving money back to the citizens (some are actually tax payers) while selling new cars.  Forget the fact that it will benefit Obama Motors or that buying a new car is a horrible investment, this seemed like a great idea, right?  Well, maybe not.

Early on Friday we learned that only a couple of days after launching the “Cash for Clunkers”  program, it was out of money.  They only allotted one billion to reimburse dealerships – a very small sum in government figures.  Fortunately on Friday afternoon Mr. Obama got involved and infused the program with another 2 billion.  I say throw a whole bunch of that unused Stimulus money into this program and actually do some stimulating instead of creating signs and other useless spending.

The consensus of many dealers is that this program has worked.  They have had activity like they have not seen in quite some time.  This is what we see when the government gives back money to the citizens to actually spend.  What would happen if the government took less of our money at the front end, cut THEIR bloated spending and let us do what we want with our hard earned money instead of funding an unending bottomless pit that is government?  That would end this recession in a heart beat and growth would skyrocket. 

Again, like so many of my rants, I’m not holding my breath.

Of course, this is just my opinion.

Rob’s Rant

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