And another failure of Obama and the Democrats. They own this one.
Cars for clunkers is a complete failure. Not only was it a failure as a program, it screwed over everyone from businesses to the individual taxpayers, and especially the poor who can’t buy the car that was traded in because the cars that were traded in were destroyed.
Stupid is, as stupid does.
Auto Sales Collapse to Levels Not Seen for Almost Thirty Years
When Congress gave away $3 billion for buyers to trade in their “clunkers” and buy new cars in August, lawmakers thrilled as buyers swamped showrooms to take advantage of the big discounts. “Cash for clunkers has captured the public’s attention . . . (it) has the possibility to truly jumpstart our economy,” said Rep. Candice Miller (R., Mich.). Other, more sober analysts, warned that the clunkers program was only stealing from future sales.
September sales are in, and sobriety can take a bow.
Truth, Lies and In Between 