Check this out.
Price fixing doesn't work. Government intervention into the economy always backfires. The market corrects itself without the need of price fixing. The sales we saw due to the Cash for Clunkers program were artificial. Now the auto dealers, and by extension, the auto manufacturers, are paying the price for the government's intervention. The artificial injection of capital into the market does not work.
Democrats are so awful at economics. I want to pull my hair out.
Tuesday, September 01, 2009
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2 comments:
It's true; they're as bad as Republicans. =)
And how's that whole bailout going?
The bailout? Awful! The credit markets are still frozen and new home sales are also still down.
Thanks for reaming us in the ass, Bush and Paulson!
...and now Obama.
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