Cost to taxpayers for each extra car sold because of Cash for Clunkers: $20,000As you can see, when the government steps in to fix a problem, even if there isn't really a problem, everyone loses.
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%
Saturday, April 10, 2010
Cash For Clunkers boned all of us
I steal from AmericanThinker.com. I like their graph of the day.
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