Tuesday, August 04, 2009

Clunkernomics

Rich Lowry has penned a new term for this administration's attempts to "fix" the economy:

"Clunkernomics."

In an exclusive, copyrighted story today, Lowry makes the case that the one-week meteoric rise-and-fall of "Cash for Clunkers" is a mirror into the thinking of the Obama party.

It's a must read ... here's a tease:

What strange, narrow-minded obsession with the internal-combustion engine made Congress only pay people to buy new automobiles? Why aren’t they paid to buy appliances, TVs, and sofas? To go out to eat, and to buy business suits, blue jeans, and lingerie? Are all of these consumer activities inherently less worthy than trading in a 1999 Dodge Caravan for a Chevy Cobalt?

Go read the whole thing, now.


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