....but now I do:
Cash for Clunkers has the following elements of spectacle:
Americans destroying perfectly functional cars
Americans whose skills are uncompetitive in the global marketplace driving around in fancy new cars.
Somewhere in China and India they must be having a good laugh.
The deeper issues are more troubling. Cash for Clunkers only makes sense if we believe that our #1 problem is that we don’t drive sufficiently fancy cars.