Tuesday, August 4, 2009

"Cash for Clunkers" - Just More Redistribute the Wealth

THESE FAUX PROGRAMS JUST RE-DISTRIBUTE JOBS BETWEEN SECTORS

What the media often overlooks with these fabricated programs is that both the giveaway money AND the money consumers spent on those cars will be money that will NEVER be spent elsewhere on other products. It just sucks the life out of other sectors of the economy, while forcing workers in those other sectors to fund the programs that are sucking them dry. Whether those funds are cannibalized from purchases that would have been made on television sets, computers, recreational vehicles, furniture or furnaces for the house, or new shoes for the kids, will never be acknowledged by the politicians or their complicit media.

This cash for clunkers program is just UAW bailout #2 -- or is it #3 -- or #4? It funnels resources into the auto industry that would have provided jobs elsewhere instead!

But the jobs that are LOST by the "out-of-favor" (non-union) sectors, as these funds are reallocated by government edict from one sector to another are a certainty, even while the politicians applaud themselves for what they term "success" at these re-allocations.

And the administrative expenses for those programs are just wasted and unproductive money, too. I just read yesterday that many administrative costs rise as high as 80% of the available funding in some government programs intended to serve the poor. The poor benefit only marginally. They are its greatest victims, not its beneficiaries! The politicians benefit greatly by, in essence, buying votes!

It gradually, but inevitably, saps the vitality from the economy, causing more and more lost jobs and economic stagnation!