The research firm Edmonds just released its report on the true cost of the Cash For Clunkers program. Get this, $24k per vehicle!
Here’s some info from the article:
American taxpayers doled out $24,000 per vehicle sold under the government’s “Cash for Clunkers” auto program
…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
Nice government program, huh? Next they’ll want to run our healthcare industry. Oh yeah…
Read entire article here.