December 16, 2009

Government Works Against Taxpayers


"Taxpayers gave new car dealers $4,500 for each clunker that was surrendered.

The auto industry and its dealers have already made out very well.

But on top of the $4,500, the dealers are now being paid several hundred dollars by salvagers who wanted the clunkers -- sans useful engines -- for their inventory.

The salvagers then make hundreds, maybe thousands of dollars, from each clunker's parts."
[. . .]
"A Republican congressman from Georgia recently said that any taxpayer that owes penalties on foreign earnings should be given a pass because Treasury Secretary Tim Geithner got a break on his taxes.

John Carter, a former judge, says that equal protection granted under the 14th Amendment is the reason he is proposing the Geithner Penalty Waiver.

I think that all insider-trading laws should also be revoked until we find out how much privileged information was given to Goldman Sachs and others by friends at the Treasury and Fed."

http://www.nypost.com/p/news/business/more_pain_from_the_cash_for_clunkers_eMbUhmjilQ9PwoMGQHg7dL

More pain from the Cash for Clunkers program
John Crudele
New York Post
Last Updated: 5:36 AM, December 15, 2009
Posted: 2:43 AM, December 15, 2009

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