More Fallout from Cash for Clunkers
Last month we took a look back at the 2009 Cash for Clunkers program and found that industry analysts had determined that instead of providing the American auto industry with a boost, the optimistic $2.85 billion program wasted millions of taxpayer dollars and caused the destruction of thousands of used cars. In addition to wasting money and destroying cars, the only real benefit for the auto industry was a forward shift in the purchase of new vehicles at the time,…
