Thursday, October 29, 2009

This is priceless ...

... of course that's a relative term.

We all know "cash for clunkers" was part of a "green" agenda. Yes it was billed as boost for a flat lined auto industry, but the guidelines on how you were to receive this "boost' were clearly green in orientation.

Well Edmunds.com, which is the #1 consumer car price/comparison/guide site as rated by Forbes Magazine, did an interesting study. They came up with a formula that projected what the US care sales would have been without the program and compared that to what they were with it, and came up with two numbers. First, 125,000 cars were sold that otherwise wouldn't have been. Second, that number means tax payers spent $24,000 PER CAR on this program.

Government efficiency at its finest. Man I can't WAIT until they take over health care ...

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