The Conservative Cave

Current Events => General Discussion => Topic started by: bkg on October 29, 2009, 10:57:08 AM

Title: Cash for Clunkers - what it really cost
Post by: bkg on October 29, 2009, 10:57:08 AM

HOLY HELL!  :thatsright:


http://money.cnn.com/2009/10/28/autos/clunkers_analysis/index.htm

Quote

Clunkers: Taxpayers paid $24,000 per car
Auto sales analysts at Edmunds.com say the pricey program resulted in relatively few additional car sales.

NEW YORK (CNNMoney.com) -- 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.

Title: Re: Cash for Clunkers - what it really cost
Post by: debk on October 29, 2009, 11:16:41 AM

I heard about this on Fox and Friends this morning....


I heard later on someone making the comment .".....taxpayer's money flying out of this White House"....

I was working on a report and that comment just pierced my otherwise occupied mind, but I thought ... what a truthful comment that was!!!

I have no idea what the rest of the conversation was about, so I can't cite anything..

Title: Re: Cash for Clunkers - what it really cost
Post by: jinxmchue on October 29, 2009, 12:16:42 PM

Let us thank our good and wise Dear Leader B. Hussein Obama for his wonderful and inspiring programs!

Title: Re: Cash for Clunkers - what it really cost
Post by: Chris_ on October 29, 2009, 01:55:36 PM

Hell....I could have told tham that before the thing started.......they were only "buying" a market that was already, to some extent, there.......and now that it is over, the manufacturers are idling shifts again, as sales have plummeted.....

They will never learn.......

doc