Pun Salad

I'd like to encourage you to vote against any further money for the "Cash for Clunkers" program. The Wall Street Journal today has a direct and telling criticism, calling it (correctly) "crackpot economics":

The subsidy won't add to net national wealth, since it merely transfers money to one taxpayer's pocket from someone else's, and merely pays that taxpayer to destroy a perfectly serviceable asset in return for something he might have bought anyway. By this logic, everyone should burn the sofa and dining room set and refurnish the homestead every couple of years.