Archive for the ‘Spending & Economy’ Category

Ron Paul: “Cash for Clunkers” Hurts the Poor

August 4, 2009 1 comment

In his latest C4L video, Dr. Paul discusses the true effects of the “Cash for Clunkers” program and talks about how government intervention into the economy will only make things worse.

As is practically always the case, Dr. Paul is 100% correct. I don’t know how anyone in Washington or any economist can say this program is successful and will “do good” for the economy with a straight face. It’s huge waste of money that the government does not have, and results in inflation. Horrible program.