emergency. john: for many people, it s the only way they can avoid missing a bill payment. it s not just a matter of saving money, it s a matter of saving yourself grief. john: why don t they get a credit card. people who have limited choices when it comes to credit are not likely to have their situation i am moveded by teeing away some of those limited option they have. john: they promised to fix credit card penalties but the penalties is 7% of bank s earnings. they make much more charging interest. politicians say they rip us off, too. if they could charge hundred percent? the problem is, they can t. i have four credit cards in my wallet. my credit cards are competing for my business. if one tries to rip me off or charge me too much or they don t
of the new plow. now they have given more than thousand free passes to favored groups. biggest single waiver was for the united federation of teachers. if this was such a good law why do they give waivers to those that kiss them. the administration is taking a look at individual circumstances where major change needs to be made by 2014. john: sounds like a scam. i think that is misinterpretation of what is happening. john: and then, there is the cost problem. my proposal would bring down the cost of healthcare. john: not so far. prices are up. facing rate increases of 1-9%. it s just policy making. this idea we can give people all sorts of benefits and there aren t going to be costs. maybe the problems were not unintended. maybe obamacare meant to kill
economy. it was good for suppliers. it is good for workers. john: i should destroy more stuff! cash for clunkers may be the dumbest policy ever. david bose and jeremy anwill point out the increase in cars sold simply stole sales from months before and after. what is missing most of the cars that were sold under the program would have been sold anyway. john: progressives pointed out that cash for clunkers did increase car sales. they steal sfrit future years? it does. that is what stimulus is all about. john: there was the usual government skewup. federal government can t process a simple rebate. then they ran out of money.
my top ten list of politicians good intentions gone wrong. john: politicians always say they ll fix things but their laws have unintended consequences. let s counted them down. promise number 10. government can and should help the carmakers. how? i know. let s destroy some cars. does this make sense? sure it will stimulate the auto business. that was idea for cash for clungers. cash for clunkers. democrats and some republicans voted for it. we are thrilled to be part of jumpstart go the economy. john: for two months they paid people $3,000 if they had older car crushed and buy a new one. they say it stimulated the