Aug 26 2009

Cash for Clunkers in focus

Category: Uncategorizedharmonicminer @ 2:01 pm

Governor Tim Pawlenty of Minnesota has explained the “cash for clunkers” program this way.

we borrow money from the Chinese to pay money to ourselves under the banner of cash for clunkers, so we can feel better about buying cars from ourselves and companies we own, General Motors, so someday, we might be able to pay ourselves back.

Is this robbing Peter to pay Peter? The problem is the Paul had his hand in the cashbox after the robbery… so there isn’t enough left to pay Peter back for what we just stole from him.

Our problems are only getting started.

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