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Author Topic: Study: 'Cash for Clunkers' an even bigger lemon than thought Back to Topics
maddog57

Champion Author
Winston-Salem

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Message Posted: Aug 12, 2014 9:27:19 PM

The government’s "Cash for Clunkers" program – pitched as a plan to jump-start U.S. auto sales and clean up the environment by getting gas-guzzling vehicles off the road -- may have been a clunker itself, according to a new economic study.

Researchers at Texas A&M, in a recently released report, measured the impact of Cash for Clunkers on sales and found the program actually decreased industry revenue by $3 billion over a nine-to-11-month period. Meanwhile, the "stimulus" also cost taxpayers $3 billion.

Cash for Clunkers
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airfresh
Champion Author Massachusetts

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Message Posted: Aug 16, 2014 7:27:16 AM

I posted in another thread that the pres came into office with hope and change in his step. That hope and change has turned into corruption and incompetence in the footprints he leaves behind. All these footprints are leading in the direction of a destination called failure.
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teacher_tim
Champion Author Maryland

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Message Posted: Aug 15, 2014 8:18:40 PM

Just one more example of what happens when the government tries to "engineer" a result. They should stick to national defense, national parks, and interstate highways.
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jeskibuff
Champion Author Tampa

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Message Posted: Aug 15, 2014 6:59:49 PM

We can add to e_jeepin's list:

#6: scrapped perfectly good vehicles, a worse fate than planned obsolescence. A lot of people could have had reliable transportation for years. We added scrap to junk yards and produced excess waste in our environment. Why weren't the greenies yelling from the mountain tops?
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nstrdnvstr
Champion Author Twin Cities

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Message Posted: Aug 15, 2014 6:28:28 PM

Just one of many Obama's failed policies!
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WES03
Champion Author Maryland

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Message Posted: Aug 15, 2014 9:08:30 AM

If the government is dumb enough to give me $4500, I am smart enough to take it, which I did for my '86 Bronco. Thank you taxpayers.
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PatAZ
Champion Author Tucson

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Message Posted: Aug 13, 2014 11:54:47 PM

Little o is the worst of the clunkers we have.
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AFSNCO
Champion Author Montgomery

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Message Posted: Aug 13, 2014 3:40:31 PM

I saw this story the other day and meant to bring it up. Hurt not just taxpayers but the auto industry as a whole.
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oilpan4
Champion Author Virginia

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Message Posted: Aug 13, 2014 12:12:09 PM

"Full of fraud"
"the guy trailered in a jeep frame on tires, completely stripped, license plate still on it."

All the liberals swore up and down ^that^ kind of stuff never happened and that all the rules were followed.
I hear lots of stories like that, where the C4C vehicle was trailered or flat towed in.
Want to know what kind of story I have never herd, one where the dealer got in trouble for accepting a car that was obvious just pulled from a junk yard.

When I asked the liberals who enforced these "rules" and what were the penalties for breaking said rules were none of them ever answered me, not a word.
Well in reality they did answer, indirectly and as expected the answers were "no one" and "nothing".

"Feel good legislation that only looked good on paper. The reality was quite different"

Know what else looks good on paper?
Communism.



[Edited by: oilpan4 at 8/13/2014 12:16:06 PM EST]
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e_jeepin
Champion Author Michigan

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Message Posted: Aug 13, 2014 11:15:37 AM

1. It was paid for by taxpayers adding to the debt
2. It pulled ahead sales from the future
3. Only those with high credit scores purchased (credit was really tightened)
4. Prices of used cars rose due to lower supply
5. Full of fraud

My friend is a salesman at the local Chevy dealer. He said one guy traded in a jeep -- all legit, it was registered correctly to the customer. Bring it in tomorrow and pick up your new car! Well, the next day, the guy trailered in a jeep frame on tires, completely stripped, license plate still on it. Pushed it off the trailer -- here you go!

I guess dummycrat Sen Stabenow didnt think of that

I drove behind many dealerships during that period to see what people were trading in -- most of it was not roadworthy junk -- you cant tell me these people were driving to work the day before in these and PRESTO! Lets buy new!

Taxpayers got scammed again at the hands of Democrats
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PopcornPirate
Champion Author New Jersey

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Message Posted: Aug 13, 2014 9:00:51 AM

Feel good legislation that only looked good on paper. The reality was quite different
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oilpan4
Champion Author Virginia

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Message Posted: Aug 13, 2014 5:30:28 AM

"Another wasteful program, is also did little to nothing in terms of getting high MPG cars on the road."

Allegedly cash for clunker raised the fleet MPG by some fraction of an MPG, something like 0.1mpg. There was an effect, don't think it was worth 3 billion dollars.

But as far as "helping" U.S. auto makers, I agree, it was a Japanese economic stimulus package.
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AC-302
Champion Author Los Angeles

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Message Posted: Aug 13, 2014 12:01:03 AM

This article is also posted on the GB home page.

Well, I've heard others here quoting Einstein as having said that insanity is doing the same thing over and over, and expecting a different result.

Germany tried the CfC before us. Guess what? The Germans didn't buy German cars, they went out and bought Japanese cars. So why did Obama and the Democrats, having lifted Germany's program lock, stock and barrel with no changes, expect a different result? Insanity, incompetence, or ignorance.. I'll let the reader decide for themselves.
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mnrick041
Champion Author Twin Cities

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Message Posted: Aug 12, 2014 10:08:08 PM

Another wasteful program, is also did little to nothing in terms of getting high MPG cars on the road.
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