Bailout

Cash for Clunkers

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Is anyone doing the math on this?  The last figures I read are that roughly 200,000 cars have been sold under the program.  The United States population was last estimated at just over 304 million people, licensed drivers in the U.S. are estimated at about 200 million, our workforce is estimated at 154,287,000 people. Cash … Read more Cash for Clunkers

Pointless Bailout Anyway

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These people don’t even know what they are trying to fix. The free markets just let the larger commercial and investment banks price default risks into the market with the lower valuations in the purchase prices. Banks and investors have both increased their leverage in the markets substantially in the past 12 odd years thinking … Read more Pointless Bailout Anyway