Finally, a “cash for clunkers” for business

I wish I could say I came up with the headline but I did not. It’s from the SOS. The proposed Obama tax credits for business are getting some kudos from the right but I believe it is knee jerk because there is nothing to celebrate here. The tax credits are short term stimuli not…

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First cash for clunkers – now free golf carts

In a twist that will tick-off taxpayers, the federal government’s plan to provide tax credits to buyers of electric vehicles has turned into a boon for golf cart manufactures. The IRS allows the full credit – $4,200 to $5,500 – to be applied to electric golf carts as long as they are road-worthy. Some buyers…

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Cash for clunkers…the final chapter

The verdict is finally in on the “cash for clunkers” program, and I doubt that any rational person will applaud. I know you will find this hard to believe, but, it appears that new car sales weren’t “stimulated” at all, they were just moved from one time period to another. Last week U.S. automakers reported…

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Administrative cost of Cash for Clunkers – Update

I’m revising this post thanks to Erik’s suggestion in the comments. I read the AP headline “LaHood: Gov’t paid dealers $1.2B for ‘Clunkers’” and assumed that was it; the dealers were going to get $1.2 billion. The article should have been written differently to include the words “so far” somewhere.

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Cash For Clunkers “It’s not a stimulus.”

You can call it whatever you want … call it a banana … but its not a stimulus. To hear Juan Williams … it’s affirmation of all liberal philosophy. See what government can do? But, in fact it’s not. It is as Krauthammer points out … it’s nothing more than redistribution of income. It’s a…

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Tom Daschle’s Million Dollar car (exclusive video)

I have been contemplating Tom Daschle’s situation and I wonder what kind of car could possibly result in a $120,000+ tax bill.  After and exhaustive search I found my answer. Have a look… httpv://www.youtube.com/watch?v=avG9DvLi-aQ Do you know what his carbon footprint is with this old clunker? He may single-handedly be responsible for global warming (woops,…

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