Cash For Your Economy
Written by Brian Garst, Posted in Economics & the Economy, Government Meddling, Waste & Government Reform
Looking to expand the incredibly wasteful, bureaucratic failure known as Cash for Clunkers, the brilliant Barack Hussein Obama brings you Cash for Refrigerators (and other working appliances you don’t need to replace)!
How long must this economic myth – that we can grow the economy by destroying things – persist? Encouraging people to spend money replacing appliances that still work means they will have less money to spend on new purchases.
The point of concerning ourselves with the economy in the first place is to maximize growth and raise everyones standard of living. This can only be done by producing, not destroying. It’s not enough simply to create work for some people. If that was all we wanted the government could pay them to dig holes and then fill them up. The point is to have productive jobs. Replacing working appliances is wasteful, not productive.
If your goal is to get from point A to point B, the first thing you have to do is get off the treadmill.
With his every scheme, this President shows that he expects us to trade in our economy for a shiny new government handout. It’s guaranteed he won’t be paying out full value, though, since the government has to get its cut. After all, destroying cars, refrigerators and appliances is hard work, and bureaucrats can’t be expected to do it for free.