|
Protectionism..
Is very bad and is not at all capitalism. For one thing, other countires always retaliate. This was a major factor in the great depression. You don't buy their cars they don't buy your planes or corn and so on. Besides what is an america car today? A honda built in ohio or chrysler built in canada?
Also in any of these programs there are unitended outcomes some funny, some not. I sold my ford explorer to my neighbor two years ago for $2,000 and he spent $500 for tires - last Saturday he bought a new ford focus and got the $4.500. We got a good laugh over beers on that.
But, the teenager or poor young adult (unemployment here is nearly 25%) just lost a chance to get a good, dependable cheap truck - since it now crushed and off the market. And with poor credit scores they can't qualify for a new car purchase - so on this one Obama screwed the poor...not the rich.
|
Threaded Mode
