Well, I knew the final cost of the the government's "Cash For Clunkers" program would be much higher than originally claimed by our "Ruling Party." But $24,000 per vehicle? Ouch! Below is part of the report.
Read the entire report.
"Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com
SANTA MONICA, Calif. — October 28, 2009 — Edmunds.com, the premier resource for online automotive information, has determined that Cash for Clunkers cost taxpayers $24,000 per vehicle sold.
Nearly 690,000 vehicles were sold during the Cash for Clunkers program, officially known as CARS, but Edmunds.com analysts calculated that only 125,000 of the sales were incremental. The rest of the sales would have happened anyway, regardless of the existence of the program.
Tuesday, November 24, 2009
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