> Obama Regime Report < Obama Regime Report: Cash For Clunkers Cost You and I $24,000 Per Clunkin' Hunk of Junk

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Friday, October 30, 2009

Cash For Clunkers Cost You and I $24,000 Per Clunkin' Hunk of Junk

Another scam and based upon what was revealed by the Associated Press in regards to the Obama Central Government's fudging numbers for the stimulus success or lack thereof essentially means none of these projections by them can be trusted and are barely worth the paper they're printed on..

More Obama hocus pocus  smoke and mirrors is all that dog and pony show was, and now the real numbers prove it was a joke and only gave people who were already buying cars a 4000 Obama discount .....
Taxpayer's real cost of Cash For Klunkers?

USA TODAY// Taxpayers ended up paying an average of $24,000 per vehicle for the cash-for-clunkers program over the summer when sales that would have happened anyway are taken into consideration, says car-buying research site Edmunds.com.

The program, which cost taxpayers $3 billion, gave car buyers up to $4,500 in incentives to trade in their gas-guzzling clunkers to buy new fuel-thrifty cars. It was intended primarily to spur sales, and the economy

But Edmunds.com says a lot of those sales would have happened anyway, with or without the clunkers program. Of more than 690,000 vehicles sold, only about 125,000 of the sales were entirely due to the government's added inducement, Edmunds.com says. The rest of buyers just got lucky by getting the government to kick cash into deals that they would have proceeded with anyhow. When the cost of the program is spread over just those extra incremental sales, the total is $24,000 per vehicle.

That's just about $2,000 shy of the average amount paid for a new car by buyers in August, $26,915. continued


The urge to save humanity is always a false front for the urge to rule it. H. L. Mencken

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