Our government, is borrowing exuberant amounts of money in order to give cash to people for destroying their old cars, in order to to buy new cars?
I don't understand the logic here. Spending more money that we don't have for the purpose of destorying used cars is going to help our economy?
What's next? --Will the government print new money for people to throw away day-old food, to buy new food in order to prosper supermarkets? And so on and on, --where will it all end?
According to a recent study, new midsize cars will will take a big financial hit if they get into traffic accidents even at speeds as low as 3 mph. So, I suppose now, this will be yet another boon to our economy, by putting more cash into the hands of the collision repair industry. --dc