Friday, August 7, 2009

Cash for Clunkers

Cash for Clunkers Video Sparks Outrage Over Wasteful Government Programs
Economists can argue back and forth in the media about the effect of big government programs such as the stimulus package and Obamacare but few things have illustrated government waste as effectively as this disturbing YouTube video in which a well running Volvo engine was destroyed as part of the Cash for Clunkers program.

Maybe it's a metaphor for what the Federal Reserve is doing to the economy.

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