Dreamland

I've already made this point, but for clarity I'm making it again.

The idea of including a tax credit for new home purchases and an interest deduction for new car purchases is both stupid from the perspective of an economic stimulus (there is a not-insignificant percentage of the folks who would get this tax break who would be purchasing homes or cars anyway), and stupid from a policy perspective, by using tax policy to encouraging the reinflation of the housing bubble and encourage the purchase of cars regardless of fuel efficiency and environmental benefit. I have many more objections to it, but that will suffice for now. It's all just flat-out stupid.

And it makes me angry.

Schmucks.