GreedThe 1980s were called the Decade of Greed. People unapologetically made money. Well, at least some people did. Because of that, the usual gang of idiots who hate anything that is successful, and who hated the fact that Ronald Reagan was president, called any kind of profit, "greed". I'm betting that it's these same idiots who blame the current economic meltdown on corporate "greed", Wall Street "greed", but never on government greed. They are encouraged by the Obamarrhoids in government and the MSM. They don't want us looking too closely at the escapades of Obama, Chris Dodd, or Barney Frank and their contributions to the mess.
One of the ways the Obama/Democrat government is "helping" the consumer, while also continuing to murder the American auto industry, is the Cash for Clunkers program. You want to sell your aging gas guzzler in order to buy a government approved gas-sipping compact? That's great. The government will give you $3500-$4500 for trading in the old pile of crap. It doesn't matter that it's only worth $900.00. The government pulled out some arbitrary numbers and decided that, once again the free market doesn't matter, they know better, and they will make you want to buy a small car. (Kinda makes you wonder how the private health insurance industry, which has to engage in the evil practice of making a profit, is expected to compete against government insurance programs that don't have to make a profit and can cover any losses by taxing you-know-who).
The program (at least in Michigan) is so popular, that the government has had to inject more taxpayer dollars in order to meet the new obligations.
But with all of the huffing and puffing about various types of criminal greed from people of a certain political persuasion, aren't these same people encouraging greed? Isn't the government making greed profitable? The owner of the $900.00 clunker now expects thousands for his gas-guzzling rust bucket. That's unearned money, which by government math, has been suddenly renamed as an entitlement. If that's not government-encouraged greed, I don't know what is.
Labels: Cash for Clunkers