The Conservative Cave

Current Events => Economics => Topic started by: RobJohnson on August 27, 2009, 10:50:02 AM

Title: Japanese, Korean Automakers are Big 'Clunker' Winners
Post by: RobJohnson on August 27, 2009, 10:50:02 AM

The popular Cash for Clunkers program generated nearly 700,000 new car sales during the past month, giving the U.S. auto industry a badly needed jolt of activity during the deepest decline in auto sales in two decades.

The government, releasing final data on the car incentives, said Wednesday that dealers submitted 690,114 sales totaling $2.88 billion, bringing the program to a close under its $3 billion budget. Japanese auto manufacturers led American companies in new car sales through the program, which ended late Monday.


http://www.foxnews.com/story/0,2933,543402,00.html

Title: Re: Japanese, Korean Automakers are Big 'Clunker' Winners
Post by: thundley4 on August 27, 2009, 11:05:06 AM

And the big losers?  The American taxpayers, and the economy overall.

Title: Re: Japanese, Korean Automakers are Big 'Clunker' Winners
Post by: Lacarnut on August 27, 2009, 11:11:32 AM

Quote from: thundley4 on August 27, 2009, 11:05:06 AM

And the big losers?  The American taxpayers, and the economy overall.

Have you heard the latest? This fall the Feds will roll out a new program called Cash for Refrigerators. 50 to 200 bucks cash back on the purchase of energy efficient frigs and other appliances.