Showing posts with label Cash for Clunkers. Show all posts
Showing posts with label Cash for Clunkers. Show all posts

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.