Hat tip to Conan, my contributing blogger, who invited me out this past weekend for a Lamborghini dream car sprint in Los Angeles (Conan got the Ferrari), followed by a stop at the Lobster Festival in Long Beach for a… Read More ›
Cash For Clunkers
Posts regarding the government’s manipulation of the market for political purposes during the Cash-For-Clunkers program despite significant damage from its unintended consquences.
GM Jobs: Easy Go, Easy Come, Easy Go
Just when you thought I couldn’t rail any more against the Cash-for-Clunkers program, I have some more railing yet to do. It’s not the program per se, it’s how well this program represents all government programs. Poorly conceived, horribly executed,… Read More ›
Cash-For-Clunkers kills Cars-For-Kids
I neglected to mention another group of Americans that were, and still are, being negatively impacted by this terrible government program. Many U.S. charities convert used cars to cash by selling them at auction and then use that money to… Read More ›
Cash For Clunkers – I was right, they were wrong.
The data suggest that critics of Cash for Clunkers who argued that it would just “steal” sales from the future were correct, and those who, like me, expected that a little stimulus applied to the car market would create some… Read More ›
Update: Cash-For-Clunkers
My post on the Cash-For-Clunkers program can be found here. I felt that a list of the unintended consequences should be posted separately, so here they are… Our Losses A perfectly good asset is destroyed. New car prices go up,… Read More ›
Cash for Clunkers: A Program to Scrap
Hot off the bad idea assembly line, and direct from the unintended consequences warehouse, our government has cobbled together yet another ridiculous idea in their drunken stumble of an effort to revive the economy. So let’s consider what is really… Read More ›
