http://seriouscoinblog.com A Financial Blog Thu, 25 Jun 2009 21:03:27 +0000 http://wordpress.org/?v=2.8 en hourly 1 http://seriouscoinblog.com/cash-for-clunkers-win-or-lose/ http://seriouscoinblog.com/cash-for-clunkers-win-or-lose/#comments Thu, 25 Jun 2009 21:03:15 +0000 Serious Coin http://seriouscoinblog.com/?p=32 Sometimes I don’t know whether to laugh or cry…  The things the US Congress comes up with!  Here’s an analysis of the Cash For Clunkers legislation now on President Obama’s desk awaiting signature.  The economics of this program are so distorted you need a funhouse mirror to see them straight.  If anyone still doesn’t think the auto industry bailouts are a naked payoff to the UAW for their support of Democrats in the last election then you just need to read this article.  Better grab a box of tissue to wipe up the tears as you realize where your tax dollars are going.

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