Taxpayers paid $24k per 'Cash for Clunkers' Vehicle
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Did ya get your new car?........:usa2:
Auto sales analysts at Edmunds.com say the pricey program resulted in relatively few additional car sales.
A total of 690,000 new vehicles were sold under the Cash for Clunkers program last summer, but only 125,000 of those were vehicles that would not have been sold anyway, according to an analysis released Wednesday by the automotive Web site Edmunds.com.
The Cash for Clunkers program gave car buyers rebates of up to $4,500 if they traded in less fuel-efficient vehicles.
The average rebate was $4,000. But the overwhelming majority of sales would have taken place anyway at some time in the last half of 2009, according to Edmunds.com.
That means the government ended up spending about $24,000 each of Taxpayers money for those 125,000 additional vehicle sales.
http://money.cnn.com/2009/10/28/auto...ysis/index.htm
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Just want to make sure that the gov't spent more than it should've....
NO FREAKING WAY!?
When was the last time the gov't spent just the right amount?
The American people will never knowingly adopt Socialism. But under the name of 'liberalism' they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.
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