.
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.
This video is currently going viral on the Web and has sparked outraged comments from many people whom I suspect have previously remained somewhat uninterested in the often elusive topic of economics. However, the wasteful destruction of this car seems to have awakened an economic sense of revulsion to an extent rarely seen before.
[Fellow gear-heads will find this surprisingly painful to watch
{they'll also find it flattering to Volvo: tough car.}]
{they'll also find it flattering to Volvo: tough car.}]
Here is a sampling of their YouTube comments which are in sharp contrast to the glowing praise of the Cash for Clunkers program prevalent in the MSM:
The stupid Logic that spends BILLIONS on destroying usable cars will take cause the prices for decent used cars to skyrocket by removing hundreds of thousands from the market. All to please some environmental nutcases who believe The Little People should drive around in tiny little clown cars!
What a waste. I know lots of college kids, young professionals and even high school kids that need dependable cars. I cannot believe my tax dollars is funding this program. Destroying cars some poor person could be using to get to work.
The instigators of this whole program should be up on a human rights abuse charge, not to mention polluting the environment when destroying the cars. Hell this car should've been donated or sold or given to a church or help a needy family! You people are sick.
Probably no vehicle as yet since the Cash for Clunkers program ran out of money and the government computers handling these transactions have seized up worse than that Volvo engine. Back to the comments, many of which are from foreigners who can't believe how stupid Americans have become in the Age of Obama:
Damn it, I would've been ECSTATIC to own that car! Got a 93 Crown Vic right now with one of those damned AODE transmissions. I'd love to work out a deal with a dealership so I could trade my TRUE clunker in for one of these perfectly good cars, 80% of which are being sold to China of all places for the steel. What will this do to the used car market? How will students to buy a cheap cap?That Volvo is worth at least 9-12 thousand dollars. Insanity!
Stupid americans deserve to be bankrupt.
There are many more such comments on this video at YouTube and growing since this viral video has struck a chord in a way that abstract economic arguments have not.
Ironically [predictably?], the dealer who destroyed that Volvo probably has received no cash yet since the Cash for Clunkers program has run out of money and the government computers for handling these transactions are all down.
And the MSM is calling this program a popular success.
READ MORE
No comments:
Post a Comment