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pnorman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-30-09 04:03 AM
Original message
"Cash For Clunkers"
Am in a "discussion" with a (Far) RW guy. He claims that it was an absolute bust -- a costly financial boondogle, costing taxpayers an incredible amount ($24,000 per sale?). I don't even own a car, so I haven't been really following that program. Can anyone here steer me onto some authoritative refutation to that?

pnorman
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excess_3 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-30-09 04:09 AM
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1. their basic claim is, 4 out of 5 sales, would have happened anyway .nt
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pnorman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-30-09 04:28 AM
Response to Reply #1
3. I got the basic claim all right.
But I was looking for information on whether or not the program succeeded in it's primary aim: "save the auto industry and stem the crash". Still looking.

pnorman
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Craftsman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-30-09 04:35 AM
Response to Reply #1
4. In my case it is true
I bought a ford ranger in C4C in August I would have bought it anyway.

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Obamanaut Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-30-09 04:28 AM
Response to Original message
2. Some good discussion in this earlier DUer thread on C4C.
http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=6881848
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Toots Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-30-09 07:35 AM
Response to Original message
5. Yep there was absolutely no reason for the Cash for Clunker Program
People were just lined up to buy new cars. The Car Industry was just a humming and than along came Cash for Clunkers to destroy it all.. :crazy:
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