Unsatisfied by wasting $3 Billion on the Cash-for-Clunkers program, today the Senate approved more economic "adrenaline shots", extending unemployment benefits, extending a popular new home buyer tax credit and expanding the tax credit for people who already own homes. Also, they approved tax breaks for companies that are losing money...a move backed by the chamber of commerce.
It's repulsive. Its like trying to address a hangover by downing more booze. Worse actually. At least the alcoholic doesn’t force taxpayers to pay for the booze.
The Chamber claims it support “free markets.” Yet it backs all sorts of special interest handouts—even Cash for Clunkers. Very sad.
- Pre-October 2009