Cash for Clunkers update – predicted failure now *fully* confirmed even more than previously

Tue, Mar 23, 2010

Bailout, Corporate Cronyism, Stimulus, Waste

Not to toot our own horn, but, toot toot.

Graph from the American Thinker, Care Sales ($millions) Reported by Dealers.:


Cost to taxpayers for each extra car sold because of Cash for Clunkers:  $20,000
Number of clunkers turned in (and taken out of the market):  677,081
Price increase for used cars since CfC:  13.7%
Change in car sales from July 2009 to February 2010:  -0.6%
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