Not Ranked
The "cash for Clunkers Act" is the "Community Reinvestment Act," for cars instead of houses. It will do for Congress exactly what the CRA did for Congress. Buy votes from poor people. The unpleasant fact that it will put the poor in debt and screw the auto industry as bad as the CRA screwed up the home mortgage industry is just a shame, as long as the re-election votes come in.
Congress will come up with a "fix" for that problem when it can no longer be ignored [probably not so many years on this one]. The "FIX," of course, will not work as hoped..............................
Last edited by Dan40; 06-22-2009 at 12:03 PM..
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