Why Cash for Clunkers Was Stupid

[hoosierdoc]

Edmonds showed how it only led to 125,000 additional sales and just destroyed the used car market. We're trying to buy used and it's ridiculous still. All dealers blaming it for lack of inventory and high prices.

Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com - Edmunds.com

 

[cburnworth]

I only buy used cars & only pay cash for them. I could not believe some of the cars that were being traded in. If you truly wanted to get rid of old cars sell those so called clunkers for a $1000 to people & get the real clunkers off the road.

 

[85t5mcss]

Just think, even if you didn't buy a new car you still paid for it. How much did it cost you, the taxpayer? How much money went into this program? What did you get out of it? How much money is saved in fuel costs and pollution control? Black vs. Red.....yea, the whole program is in the red IMO. It was a crap deal.

 

[eatsnopaste]

I work for a company that makes automotive parts for the auto makers. While the cash for clunkers program wasn't a good deal for most...it did put me (and a lot of others) back to work. Which was good for my family, my town, state....so it did have some redeeming value.

 

[Mr Evilwrench]

We paid 24000 per. The buyers still pay for most of each car. Where did that money go?

 

[CindyE]

Best thing about cash for clunkers is, that it got rid of all those obama stickers

I wish! I have to see one of them almost daily, across the street from us. The car also has a handicap license plate, and the driver is a middle age man that doesn't appear handicapped at all- except for the Obama love!

 

[Plinker]

I laugh at the term 'Cash for Clunkers'. Most of those cars were anything but clunkers. They're only sin was that they burned more fuel than the bureaucrats determined to be allowed. This was a 'Cash for Gas Guzzlers' program. If it was truly a 'Cash for Clunkers' program, then all of the 20+ year old civics, corollas, cavaliers, etc... spewing blue smoke would have been eligible for trade in.

Bad government, BAD! <Thump .gov on the nose>