What seventh circle of lunacy is this?
Simon Jenkins seems to think that the car scrappage scheme was a good idea. No, it was a destruction of wealth. To give you an idea of his level of economic analysis:
America\’s \”cash for clunkers\” consumed $3bn and is reckoned to have rescued Ford, Chrysler and General Motors from what had been near-bankruptcy in March.
He\’s entirely failed to note that 1) Cash for Clunkers started in August and 2) both Chrysler and GM did indeed go bankrupt before it started.
So how does one start a petition to have an honour rescinded?