Saturday, January 8, 2011

Ou Est Le 'Cash for Clunkers'? - WSJ.com

EXCERPTS:

"In a program on government "stimulus" schemes like Cash for Clunkers that aired last month, John Stossel of Fox News pointed out that if destroying perfectly good products creates wealth and jobs, then why stop with cars? Why not take a sledgehammer to TVs, computers and other durable goods?

Or how about this: There are millions of old, environmentally inefficient houses in the U.S., and many unemployed house builders. Why not hire them to tear old houses down and build new ones with solar panels for roofs? And while we're at it, why not scrap noisy, gas-guzzling airplanes? And washing machines. The possibilities are as endless as they are ridiculous.

In Europe, few question government intervention in industry or hold government accountable. In the U.S., as the tea party has shown, even if government doesn't care about accountability, the citizenry does. And to that I say, Vive la différence!