“Cash For Clunkers” Is A “Junker”

“Get your share of the stimulus!” is a slogan that has typified the auto dealer advertising for the “Cash for Clunkers” program. For many reasons, I think that the “Cash for Clunkers” program is highly flawed on an “all things considered” basis and should have never been legislated. Without writing a “book” on the subject, here are a …

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Bank Bonuses and Broader Implications

I’d like to make a brief comment about the “bank bonus” story that came out a few days ago.  Here is one article on it, titled “Bank Bonus Tab: $33 Billion” from The Wall Street Journal on 7-31-09: http://online.wsj.com/article/SB124896891815094085.html#articleTabs%3Darticle Needless to say, it seems outrageous that such bonuses, in said amounts, were paid out so …

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Another Mention of The Great Depression

On July 26th Ben Bernanke said, “”I was not going to be the Federal Reserve chairman who presided over the second Great Depression.”  The quote and associated details can be found here: http://online.wsj.com/article/SB124865498517982625.html I found the quote interesting primarily as it once again underscores the popularity (or should I say fixation) that many people, including …

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