Saturday, April 10, 2010

Cash For Clunkers boned all of us

I steal from AmericanThinker.com. I like their graph of the day.




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 of used used cars since CfC: 13.7%
Change in car sales from July 2009 to February 2010: -0.6%
As you can see, when the government steps in to fix a problem, even if there isn't really a problem, everyone loses.

0 comments:

Post a Comment