10 Sectors in Need of a Government Bailout
Jim Woods, September 11, 2009
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By 'Thomas Paine' (aka OptionsZone Contributing Editor Jim Woods)
Cash for Clunkers; you've got to admit it's a catchy phrase replete with alliterative genius. The creativity here is especially surprising, given that the name was likely concocted by a government bureaucrat. I guess it's not surprising that any government program with the word "cash" in it is going to draw some attention. I mean, who doesn't want to get some cash back from the government?
Those of us in the top 20% of wage earners pay more than 80% of all federal income taxes, so it's no surprise that we want our refunds. Of course, those in the lower income brackets also want their piece of the government's pie, and hence the "success" of the Cash for Clunkers program.
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