Reclined

The Latest Bad Idea: Government Sponsored Vouchers for Car Purchases

Thadeus,

you wrote "Germany has been doing the voucher deal on cars since last Fall. From what I read, it only applies to German made cars."

The second part is not true. The deal applied to all cars (starting this year). It actually made foreign car sales increase from around 30% share to 50% (not exact numbers, I would have to look them up).

I believe protectionism would be the last drop to move us into a severe depression. I hope governments will be so wise as to minimise moves towards protectionism despite widespread public requests to do so.