on July 31, 2009 by Adam in Uncategorized, Comments (3)
Cash for Clunkers Over, One Billion Spent.
The cash for clunkers program initiated by the Obama administration is already over, as officials believe $1 billion has already been spent. Auto dealers are naturally against ending the program, which effectively subsidized sales by up to $4,500 per car. Doing the math means that 222,222 cars can be purchased assuming the maximum subsidy doing this, and quite frankly that’s not a lot of cars.
For those who did not take part in the program, congratulations, you effectively paid for other people’s cars. Good day!
Tags: Barack Obama, cash for clunkers
Tian Xie
July 31, 2009 @ 9:26 am
I didnt take part in .
U know, viewing my website is faster than viewing yours in China.
U need a better Web server.
P.S Nice website!!!
I’ll be back in Ames in 2 weeks
See ya there.
Wang Li
July 31, 2009 @ 9:36 am
its kind of useless really, the difference 200,000 slightly polluting and minimally polluting cars makes in the world scheme is small. as developing countrys, for example, add hundreds of thousands of new cars to their roads each year if not millions
Gregory Smith
July 31, 2009 @ 3:29 pm
Well, with the government giving money to car owners and car dealers, and the Fed making money out of nowhere and flooding the stock market,I think it’s fair to say we are doomed.