90. R U A Clunker?

Okay Cash for Clunker fans. Still believing that the so-called stimulus propped up the auto industry? Seeing a big rebound in U.S. auto sales in September and October? Not, Not! More money down the drain out of our pockets. Maybe you should read Fair Tax, post 86. You'll see within an example of how a GM Cadillac is priced and sold around the world compared to the Mercedes built in Germany. You'll learn about the Value Added Tax (VAT) in Germany that they ADD to the U.S. built cars when they arrive in Germany for sales and how it is SUBTRACTED from the Mercedes. You'll also see how we allow the Mercedes to come in untaxed, of course with the VAT already SUBTRACTED from the production price, to compete with the Cadillac here. After reading this I'm sure you'll better understand why the foreign cars, other than just being built better, are shoe-ins for Americans. So, how to you fight a dying U.S. auto industry? By artificially increasing sale for one month, or by better managing the taxes on our products? Please pick up "Fair Tax...." as posted in #86. And please note the ineffectiveness of another Obama bailout. I hope you were one of the lucky few who traded in your clunker and could take advantage of the tax dollars you spent to fund it. There is one PRO for the program though -- finally got more of those Obama bumper stickers off the road. Another common sense prediction.