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The New DU. ??? Cash for Clunkers and the Auto Bailouts
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Coyote_Bandit
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Wed Aug-05-09 09:36 AM
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| ??? Cash for Clunkers and the Auto Bailouts |
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Can someone please explain why there weren't greater incentives to trade those clunkers in for cars manufactured by bailed out and/or US auto makers?
Seems to me that it would have been a better use of taxpayer dollars. As is, tax dollars are subsidizing profits of foreign auto makers.
If I'm going to bail out a car company and effectively assume an ownership interest in the company then doesn't it make sense that I would use additional funds to encourage customers to purchase from that company as opposed to competitors in whose performance I have no financial stake?
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