The “Cash for Clunkers” fiasco is keeping the web and the media busy. Here is the analysis from The Heritage Foundation.
This conclusion says it all:
When President Obama bailed out General Motors he told the nation
his administration: ?will not interfere with or exert control over
day-to-day company operations.? But despite what he may believe, his
cash for clunkers program does exactly that: it significantly
interferes with the day-to-day operations of millions of companies
nation wide. In that same Business Week interview mentioned above,
Obama says: ?What you haven?t seen from our Administration is a
suggestion of a bunch of command-and-control, top-down, heavy-handed
bureaucratic regulations that would bog businesses down.? But that is
exactly what the cash-for-clunkers is.The fact that Obama doesn?t understand this basic
economic fact should truly frighten all Americans as he plots more
non-“command-and-control, top-down, heavy-handed bureaucratic
regulations” for the health care, energy, and financial sectors. As one
auto dealer told CBS News: ?If they can?t administer a program like this, I?d be a little concerned about my health insurance.?
