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Cash for Clunkers Revisited: More Damage Done

For those of you that have been here since almost the beginning, you know that we pegged “Cash for Clunkers” as the huge failure that it was.  Here is what we wrote while the program was ongoing… The cars traded in on the program are to be destroyed.  Now, in normal situations, a trade in will either go on the dealer lot, go to auction, or go to the junkyard.  In any of those situations, others will have the opportunity to benefit from this car, either by driving it, or by purchasing the usable parts from it.  When the car […]

Paging Comrade Stalin: Democrats Propose “Windfall Profits Board”

When we discuss the left as Marxists, critics go into a spasm of Alinsky, and attempt to ridicule any accusers.  Then, however, Democrats, or their allies, say and do some rather Marxist things.  For the latest, we go to The Hill, and see about the newly proposed Windfall Profit Board… The Democrats, worried about higher gas prices, want to set up a board that would apply a “windfall profit tax” as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes […]