David Malpass, president of Encima Global, discusses the effectiveness of the government's "cash for clunkers" program. He asks, "Do we really want to grow by way of government handouts?" The hosts bring up the point that it may be possible that the program will restore some confidence in consumers and get them to start spending again. Malpass goes on to discuss the recession, GDP and the labor market.
Cash for Clunkers--Least Bad Program
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