GMC

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

It is impossible to sustain this kind of "free" money. It CANNOT be sustained. When will we ever learn that spending money that we cannot repay, whether it be the government or banks or individuals, cannot be sustained and in the near future things will be far worse than they are now because we'll have interest (i.e., the time value of money) to pay and as things appear now, far more places for the money the government collect to go! Not only will inflation or deflation kill the value of taxes collected that are supposed to pay for these outrages, but taxes will have climb out of control in the near future to even begin to cover the costs and even so it will not be enough. This country and world is completely out of control! Bush and his administration started the "recovery" spending - right!? The Democrats rightfully hated and mocked him for it. Now Obama and his administration are continuing BUSH's dumb plan AND what's more they're escalating it. And now the Republicans are deriding him for it, rightly so! But, nobody wants to really take the bitter medicne right now to let it run it's course and let the market recover on it's own in a sustainable fashion.
Regardless of whether we're in love with Bush or Obama can't we see that this "recovery" spending is going to result in a huge crash that puts the most recent recession to shame and will probably make the Great Depression look like a minor inconvenience?!
Today big business and big government seem to focus on this current quarter's profits with no concern for the future because the they'll already have gotten their peice of the pie while thinking, "Party now! Play today! We may die soon anyway!" and "Let the kid's pay the bill!" Complete an utter foolishness that even Aesop taught could not work in the sad sad end to come.