Almost a year has passed since the Obama Administration has come into power and what has Obama accomplished? Well, he won the Nobel peace prize … and passed a stimulus package that so far looks to have been what critics predicted: a pointless increase in the nation’s debt to be placed on the shoulders of our children.
Even “Cash for Clunkers,” one program which has been largely praised as a success, looks to be, upon further examination, not quite as profitable as the Administration boasts, and possibly even a negative stimulus. Based on analyses by automotive consumer researchers, tax dollars ended up paying an average of $24,000 for each of the 125,000 cars sold under “Cash for Clunkers” that would not have been sold without it. It appears that this stimulus was less for the growth of the economy and more for the growth of government.
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