Galt's Gulch

'Cash for Clunkers' an even bigger lemon than thought

Posted by robgambrill 10 years, 3 months ago to Government
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A study indicates that the car rebate stimulus program may have done more harm than good.
SOURCE URL: http://www.foxnews.com/politics/2014/08/11/texas-am-study-cash-for-clunkers-even-bigger-lemon-than-thought/

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  • Posted by CircuitGuy 10 years, 3 months ago
    The program paid people to trash perfectly good cars by running a chemical in the oil that would destroy the motors. It was disgraceful. It destroyed cars typically used by the poor. It's one of the most disgraceful things gov't did in the name of helping in my lifetime.
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  • Posted by Technocracy 10 years, 3 months ago
    The other consequence they don't talk about is that it gutted the used car market at the low end. People that need cheap cars quickly found out they were disappearing like the dodo.
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  • Posted by $ jbrenner 10 years, 3 months ago
    "Cash for clunkers" was the final straw for me.
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    • Posted by CircuitGuy 10 years, 3 months ago
      Intentionally destroying something, esp something that would have otherwise been sold to the poor, goes against my nature.

      The environmental issues are important, but there's an environmental cost to trashing a usable car too. The cars were inefficient, but so is destroying them. I couldn't make myself poor sand into a working motor's oil and then run it until the sand tears the insides apart.
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