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Fox News said: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.
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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....