Posted on 10/31/2009 9:58:26 PM PDT by John Semmens
Recent disclosure that the so-called “cash for clunkers” government program that paid new car buyers up to $4500 each for the trade-in of qualifying vehicles actually cost taxpayers an average of over $24,000 per trade-in due to government “red tape,” prompted a scathing response on the whitehouse.gov web site.
“Quibbling over the cost to taxpayers is both untimely and unseemly,” wrote an anonymous White House staffer. “The important objective is to pump money into the economy. It wouldn’t have mattered if we simply threw currency from the windows of a moving car. In this case, the government employees who processed the paperwork had jobs. So, one man’s waste turned out to be another man’s wages. This is the core of the Obama recovery plan. We mustn’t allow petty notions of fiscal frugality to derail it.”
(Excerpt) Read more at azconserv1.wordpress.com ...
The only good thing about the Cash for Clunkers program is that 90% of the Obama bumper stickers are now off the road.
the jobs created for “Cash for Clunkers” were government jobs and were temporary & part time.
Kathy Willey did a great expose on it.
http://www.fourwinds10.com/siterun_data/government/fraud/us_government/news.php?q=1253651217
agh....AZConservative got me again ! sheesh
LOL. The line between satire and reality continues to blur...
I usually don't require a sarcasm/parody tag, but some of the real statements out of the White House lately have been so stupid that the satirists will have to go to great lengths to distance themselves from reality.
Great point!! ROTFL
“The important objective is to pump money into the economy. It wouldn’t have mattered if we simply threw currency from the windows of a moving car. In this case, the government employees who processed the paperwork had jobs. So, one man’s waste turned out to be another man’s wages. This is the core of the Obama recovery plan. We mustn’t allow petty notions of fiscal frugality to derail it.”This is not true. As far as stimulating the economy goes, they are not throwing "money" from the window of a moving car. Real "money" has to be produced first, not simply printed as a promisary note representing future production. Tossing deficit money from a moving car is a zero sum gain to the economy. The debit grows, the money lessens and the economy weakens no matter how it is spent.
ex animo
davidfarrar
Dude, I don’t know what to believe about this stuff,
Who are the white house sources??
Bump for Sunday afternoon reading
Over $24,000 per trade-in due to government “red tape,” next up healthcare we can run that too.
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