Thursday, August 13, 2009

Warning over US cash-for-clunkers scheme

Another example of short-term thinking that quickly enough reveals the faults. Democrat or Republican, whenever politicians make these decisions they're more often than not full of holes. Then the 'spin doctors' get at it and we're being convinced it was a brilliant idea that saved the economy from collapse. - MBC

http://www.ft.com/cms/s/0/940088ae-8830-11de-82e4-00144feabdc0.html

"...The popular US cash-for-clunkers programme may be drawing money from other consumer purchases and could also undermine future car sales, US economists have warned..."

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