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  • From: Clansgian AT wmconnect.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Cash for Clunkers
  • Date: Mon, 3 Aug 2009 21:58:41 EDT

Everyone got economically excited today because a major health insurance
company had increased profits and Ford had the first increase in sales in
almost a year. Recession over, stock market up, happy days are here again!

But wait .... the health insurance company's increased profit was entirely
because of an increase in Medicaid and Medicare rates. And Ford freely
adimits that modest increase in sales is ALL due to the Cash for Clunkers
program.


Is anyone else bothered by the fact that celebrated good economic news
signaling the end of the recession is ALL because of government money?


James




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