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  • We Needed Government Aid Sooner [View article]
    The author:

    "If we offered consumers "Cash for Clunkers" a year ago, we just might have prevented the closure of all of those automobile dealers and avoided the GM and Chrysler bankruptcies."

    Yes, but now that we have things going right, why stop now at 7:00 P.M., eastern time, Monday? Shouldn't we just keep on trucking until Chrysler, Ford, GM and ... (the foreigners) are all whole?

    The author: "What were we concerned about? Moral Hazard!"

    No. I was and still am concerned that an American government can point a gun at me, say "your taxes or your freedom" and then take my money and hand it to someone else.

    Is that moral hazard? You bet. Is that morale hazard?

    Yes, that too.
    Aug 25 09:31 am |Rating: +5 0 |Link to Comment
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