MossRoad
Super Moderator
- Joined
- Aug 31, 2001
- Messages
- 57,913
- Location
- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
The Economists' Voice reported in 2009 that for each vehicle trade, the program had a net cost of approximately $2,000, with total costs outweighing all benefits by $1.4 billion.[55][56] Edmunds reported that Cash for Clunkers cost US taxpayers $24,000 per vehicle sold, that nearly 690,000 vehicles were sold, and that only 125,000 of vehicle sales were incremental. Edmunds CEO concluded that without Cash for Clunkers, auto sales would have been even better.A loss of what? Jobs? Crude oil futures? Lives? It got a lot of unsafe, inefficient old junk off the road, and boosted auto sales when the US auto industry was going bankrupt.
There's more in that link. That's just the first one.