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Thread: Cash 4 Clunkers: $24K per car by taxpayers

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    Cash 4 Clunkers: $24K per car by taxpayers

    Quote Originally Posted by Fox News
    The American taxpayer doled out $24,000 per vehicle sold under the government's "Cash for Clunkers" auto program, according to a study released Wednesday.

    The report, conducted by the automotive information firm Edmunds.com in Santa Monica, Calif., found that of the nearly 690,000 vehicles sold under the program only 125,000 of the sales were incremental.

    The rest of the sales would have happened anyway, despite the government program, the report said -- raising questions over its effectiveness.
    LINK

    Whew! Thank god it was only $24,000 of taxpayer money per car sold... what a success huh? And some of those dealerships are still waiting for their rebate checks. Thank goodness the United States will repeat this abortion by offering Cash for Appliances this fall with another $300 Million in taxpayer money.

    Good times ... Gooood times....

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    Re: Cash 4 Clunkers: $24K per car by taxpayers

    It's similar for that housing thing where people were offered what like 8K or something for new home buyers. Most of those people were going to buy houses anyway. The incremental increase (i.e. renters turning owners whom wouldn't have) was rather low. All this stuff really does is make a government program which can be abused.
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    Re: Cash 4 Clunkers: $24K per car by taxpayers

    That's what I call typical government efficiency. Can't wait till they control my health care as well. /sarcasm

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    Re: Cash 4 Clunkers: $24K per car by taxpayers

    Does the article mention the statistical methodology used in this "study"?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
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    Re: Cash 4 Clunkers: $24K per car by taxpayers

    Quote Originally Posted by Goldenboy219 View Post
    Does the article mention the statistical methodology used in this "study"?
    This isn't a statistical study...lol
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Cash 4 Clunkers: $24K per car by taxpayers

    Quote Originally Posted by Ockham View Post
    LINK

    Whew! Thank god it was only $24,000 of taxpayer money per car sold... what a success huh? And some of those dealerships are still waiting for their rebate checks. Thank goodness the United States will repeat this abortion by offering Cash for Appliances this fall with another $300 Million in taxpayer money.

    Good times ... Gooood times....
    Did it push sales forward, and stave off a 'falling off the cliff' scenario? Did it encourage higher mileage cars to be purchased? Did it get lower mileage cars off the road?

    Some questions I have.


    Quote Originally Posted by Ikari View Post
    It's similar for that housing thing where people were offered what like 8K or something for new home buyers. Most of those people were going to buy houses anyway. The incremental increase (i.e. renters turning owners whom wouldn't have) was rather low. All this stuff really does is make a government program which can be abused.

    I was reading about this earlier. It's made me begin to question if extending the credit is a good idea.

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    Re: Cash 4 Clunkers: $24K per car by taxpayers

    Quote Originally Posted by apdst View Post
    This isn't a statistical study...lol

    Yes it is ...lol

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    Re: Cash 4 Clunkers: $24K per car by taxpayers

    BS "report".

    690,000 vehicles were sold under the program, so:

    3 billion divided by 690,000 = $4,347 per car.

    The rest is pure conjecture. They have no way of knowing how many people would have bought a vehicle "anyway".

    Cars were flying off the lots, and I'll bet everyone here knows someone who bought a car because ofthis deal.

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    Re: Cash 4 Clunkers: $24K per car by taxpayers

    What's done is done.
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

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    Re: Cash 4 Clunkers: $24K per car by taxpayers

    Quote Originally Posted by jackalope View Post
    Yes it is ...lol
    No, it's not. It's a mathematical breakdown of the cost of the program.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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