tonym

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

"Finally, the real economic impact is actually a boon insofar as it leverages the purchase from the consumer four or five to one at minimum, produceing local sales tax, jobs, distribution, recycling, future warranty work etc. I think your article is politically motivated, untruthful, and flat out wrong. "

Presenting valid numbers is not "political." This program might have benefits for our struggling economy. Incentives are a good idea. But the cost of this program is excessive like most government interference. Debt is going to destroy the government itself as it is doing in California. Those benefits could easily be duplicated by significant tax deductions for purchasing the new vehicles.

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

> They were supposed to have $1 Billion to work with. So only 1/10th > of the money has been spent, and another 1/10th is in process. So > what happened to the other 80% of that Billion?

This is the problem with government doing anything. One dollar gets 10 cents of service.

Wall Street Breakfast: Must-Know News

<<unions killed their host >>

the end.