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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (74343)	10/29/2009 2:10:34 PM
From: tonto	1 Recommendation Read Replies (2) \| Respond to of 224757

Cash for Clunkers cost $24,000 per car Edmunds.com says only 125,000 vehicle sales were a result of the government's program. Posted by Elizabeth Strott on Thursday, October 29, 2009 10:54 AM The U.S. government is calling its Cash for Clunkers program a big success, with nearly 690,000 vehicles sold in July and August. But a report by automotive Web site Edmunds.com says the program actually cost taxpayers $24,000 per car sold. Only 125,000, or 18%, of the sales were incremental, according to Edmunds.com -- the remaining 82% of sales would have happened regardless of the program. The $24,000 is the price for the sales of vehicles that were a direct result of the program, Edmunds.com said. Bing: Auto sales The clunkers program gave car buyers rebates of up to $4,500 if they traded in less-fuel-efficient vehicles for new vehicles that met certain fuel-economy requirements. The government set aside $3 billion for those rebates.