Report: Cash for Clunkers Auto Program Cost Taxpayers $24,000 Per Vehicle
American taxpayers doled out $24,000 per vehicle sold under the government's \"Cash for Clunkers\" auto program, according to a study released Wednesday.
The report, conducted by the automotive information firm Edmunds.com in Santa Monica, Calif., found that of the nearly 690,000 vehicles sold under the program, only 125,000 of the sales could be credited directly to the Cash-for-Clunkers program.
The rest of the sales would have happened anyway, despite the government program, the report said -- raising questions over its effectiveness.
The report also said that the average cost for a vehicle in August 2009 was only $26,915 -- minus an average cash rebate of $1,667.
Cash for Clunkers -- officially known as the Car Allowance Rebate System -- was a $3 billion program intended to provide economic incentives to Americans to purchase a new, more fuel efficient cars when they traded in an older, less efficient vehicle.
The program was touted for giving a boost to auto sales while increasing the sales of more fuel-efficient vehicles
BUT BUT I only got $4500 for my trade in, where'd the other $22,000 go!!!!!!!!
but I'm sure the Government will run health care MUCH more efficiently
Spidey wrote:There must be something wrong with your math little boy…did you go to publik skool?
Seriously tho…Administration costs…it takes a lot of ACORN volunteers to dole out that much money.
actually I originally looked at the 26k figure, then after I posted I re-read the story but didn't edit my post
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
