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Tuesday, August 11, 2009

Another inconvenient truth: Cash-for-Clunkers benefits foreign car makers

Quick get another trash bag please! This one's full to the brim with all the leftist failed ideas. via Newsmax: "The only part of the stimulus program that is working, the “cash for clunkers” program is, in reality, a subsidy to foreign car companies, proving that Barack Obama is the best president Japan ever had. The Department of Transportation reports that the 10 leading trade-ins are all American branded cars while six of the top 10 new cars purchased — and four of the top five — are foreign. So the Senate is about to pass additional funds to subsidize the trade-in of American cars and the purchase of foreign cars." Japan benefits not US car makers

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