LouieK

Cash for Clunkers May Cost Up to $45,354 Per Vehicle

What we are talking about is the marginal boost in the economy due to a government program: the marginal boost is 22,000 vehicles and the cost of that boost is $20K to $45K per vehicle to the government. AND, those 22,000 vehicles would have been replaced over a period of time anyway. I have a 1999 Windstar that is past its prime because we are out of our soccer mom phase, so the program just subsidizes what I would have done soon anyway. And when they destroy the Windstar, those going into that phase will be faced with a higher price for used mini-vans, forcing more people to pay more precious, personal resources for their family needs on a mini-van. Even if they buy a new van, the increasing price of the old ones will dampen their ability as consumers to negotiate with the auto dealerships for lower prices on the new ones. So the program helps me and hurts the new families. Those incoming families probably voted for Obama, the saps.