Sunday, August 2, 2009

Cash for Clunkers Program & Ronald Reagan

Because it has been months since we have updated our blog, our family wanted us to add to our blog. So here it is.

Trish and I have been mulling over all the news over the economy vis-à-vis furloughs, taxes, home prices, and especially health care. We could not help but laugh at the Cash for Clunkers Program. Let me see if we understand this program. The government will give us $4500 for Trish's 1993 Honda Accord so that she can buy a Ford Neon-like vehicle; however, the gov't is running out of money and Congress will throw another $4,000,000,000 of funny money into the program. Right? Sounds like Ronald Regan was correct when he said: "The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." ST & TT

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