A Clunker Of A Program

Jason Kuznicki takes a look back at one of the economically stupidest and vicious things that the government did in the past two years (and that’s saying something, considering how much policy stupidity has abounded):

See how that works? You can’t get something for nothing. Cash for Clunkers turns out to have been a highly inefficient wealth-transfer program, that is, one that destroyed a bunch of wealth along the way. It gave wealth to those already relatively wealthy people who did the government’s bidding (that is, those who could afford to part with a used car and buy a new one). And now it’s taking wealth from those relatively poor people who need a used car today — in the form of higher prices.

Along the way, it destroyed hundreds of thousands of cars — that’s the real wealth these poor people don’t have access to anymore, because the scrapped cars aren’t a part of the economy.

And this is what passes for a successful government program.

And I had idiots here in my own comments section applauding it as being a “success” because so many people (willing to take handouts) participated in it. This is the same kind of warped thinking that declares a legislator “successful” if he passes lots of legislation, regardless of its quality, or how damaging to the Republic it is. I’m always amazed and amused at the morons who think that I should be impressed by the president, and approve of him more, because he managed to ram so much of his destructive agenda through.

On The Horizon

…a perfect Iranian storm. A depressing interview by Michael Totten on the state of the Middle East.

MJT: The Arab world has its own political culture, and it’s not like the political culture I know, or even like other Middle Eastern political cultures.

If the Palestinians had a Western political culture, the problem here could be resolved in ten minutes. If you Israelis were dealing with Canadians instead of Palestinians, you would have had peace a long time ago. And if the Palestinians were dealing with Canadians instead of Israelis, there would still be a conflict.

Jonathan Spyer: That’s exactly right. And that’s why it’s so frustrating sometimes when people say, “If only the two sides could sit down and talk.”

MJT: What is it that U.S. policy-makers don’t currently understand about this part of the world? If you could have their ears for five or ten minutes, what would you tell them?

Jonathan Spyer: I’d tell the current bunch in power that they need to ditch this sophomoric idea that the Israeli-Palestinian conflict is the key to the region’s malaise.

They need to get that out of their heads. That’s not what I’d want to talk about. That’s not even an adult conversation. Once we can clear that up, we can talk about something serious.

Biting Commentary about Infinity…and Beyond!