Diamonds and Dogs
According to a study done by the NADA, National Auto Dealer Association, only 5.7% of the money owed to the dealers from "Cash for Clunkers" legislation has been paid. By law, the money was to be paid in ten days and now, according to the government, the DOT says the money will be paid by the end of the month, or a full 30 days after the government sponsored program ended. On another note, 3900 convicted and imprisoned inmates were sent $250 stimulus checks by our Federal government just last week. How can we afford to have more and more government involvement in the capitalist system? They just aren't very good at it. We are traversing a very slippery slope as the markets are breathing again after a "near death experience" in late 2008, and unfortunately, it appears we have a new partner to lead us along the path.