johnnyvolvo

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

C'mon people. This is simple economics.

Is the author using worse case scenario in his analysis?
Obviously, but at least it's based on the best available numbers.

The government is using total fantasy numbers.
They are assuming zero cars would be traded in if not for them.

They (congress) are all patting themselves on the back for having thought up such a "successful" program.

All it really that it really amounts to is another Government bailout of Detroit, and a $4500 per vote purchase for the next election.

Oh, and maybe - maybe we increased the number of cars that are traded in by 5 or 10%. (Or maybe, we just moved the trade in from next year to this year.....)

When are voters going to wake up to the fact that these politicians are crooks and lying thieves who only care about themselves.

We need to go back to the system where you can't vote unless you
1) Are a landowner
2) Are a taxpayer
3) are a member or ex member of the military

At least then, voters have "some skin in the game" as it's called, and will care about what Washington does with the money they take.