The effect (or goal?) of the Obama regime’s ‘cash for clunkers’ idiocy:
- People are going into debt in exchange for their fully paid-for vehicles
- The vehicles that are traded-in are required to be destroyed, eliminating a huge source of spare parts for other paid-for vehicles
- Shortages created in the low-cost used car market, thus driving up the cost of used cars, thus hurting the poor
Create debt-slaves; hurt the poor; create massive amounts of waste. Mission accomplished.
Update: How much energy is required to produce the new cars that will replace these “clunkers”? Where are the enviro-Nazis on this one?