The law of unintended consequences
It should come as no surprise to anyone that U.S. car companies are slumping once again. The Cash for Clunkers program was a wasteful, inefficient publicity stunt or, worse, an actual attempt by the US Federal Government to stimulate the economy. The worse part is that the program cost the economy jobs: many healthy, profitable dealerships had their company taken away from them by government edict under this program, never to return. It’s almost criminal.
By Sherry Jarrell
Learning from Dogs 
Cash for old cars is a French invention, more than 12 years old. In France, it works. But it’s done differently. Germany immitated the French thing last year, but, as in the USA, in a much more generous way than it is practiced in France.
France has a double cash for cars in 2009, and it will be extended, reduced, in 2010. Old cars (more than 10 years old) can give money, but much more for purchasing eco cars. Moreover there is a permanent bonus-malus program according to mileage….
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The government should stay out of it. This is all about private business and consumer decisions.
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