Thursday, August 13, 2009

I didn't understand Cash for Clunkers...

....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.


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