Insight on the Cash for Clunkers…
I’ve missed three days of work and counting thanks to the flu. Rather than feeling better, I feel worse. My sister lovingly said, ‘I think that’s a sign of the swine flu.’
Thanks. Now I’ve got THAT to worry about.
In all my sitting at home time – most of which is spent in complete misery – I am able to squint open my eyes and read some of the daily news. I stumbled upon this headlining article at AOL…
http://autos.aol.com/article/cash-for-clunkers-greenwash
I found two quotes particularly eye opening…
‘Three revealing line items in a separate CNW survey noted that the drain on the family coffers would be offset by reducing the pay-down of credit card debt, deferring home improvement and removing money from non-targeted savings.’
and
‘Other critics groused that Cars for Clunkers took $2.8 billion from the general roster of 300 million citizens and handed it tax-free to a small group of 700,000 citizens.’
What are your thoughts?
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Filed under: Finance, Money Saving Ideas
