Cash For Clunkers Results
Well, the final numbers are in and the program even spent less than the allotted $3 billion. Government authorities are calling it a huge success. What I am looking for is the aftermath. What is going to happen now at the dealerships and the automakers? I sure hope I am wrong – with all my heart I hope I am wrong. If I am right, I would be willing to bet that we won’t hear much about how this program took the industry back toward the brink of collapse – it will be blamed on something else. Can you just see me shaking my head?
Tags: cash for clunkers
September 1st, 2009 at 9:59 am
It seems to me that if a car had low enough trade value for cash for clunkers to be a good deal in the first place, that the car probably would not have been on the road much longer anyway. Was it really worth nearly $3 billion to speed up the natural process a little? Many of those people would have bought used cars (which are still out there) and perhaps many would have bought less efficient new cars than they did so there is some gain there. How do we measure overall success (failure) of the program? How much energy useage and pollution is involved in the manufacture of a new car vs driving a newer used car? The economic benifits have already been called into question here, so I won’t go there.
September 3rd, 2009 at 8:35 am
I agree. As you can see by my sometimes incensed posts on this issue, my stand on Cash for Clunkers was that it was not going to be what the administration said it was.
Government is not gonna help America; our only hope is the will of the American people themselves. I just pray that will hasn’t been destroyed by apathy.