'Cash for Clunkers' Actually Hurt the Environment

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Whoops—'Cash for Clunkers' Actually Hurt the Environment

Takepart.com – Thu, Jan 3, 2013

Back in 2009, the “Cash for Clunkers” federal program was supposed to be a boon for the environment and the economy. During a limited time, consumers could trade in an old gas-guzzling used car for up to $4,500 cash back towards the purchase of a fuel-efficient new car. It seemed like a win for everyone: the environment, the gasping auto industry and cash-strapped consumers.

Though almost a million people poured into car dealerships eager to exchange their old jalopies for something shiny and new, recent reports indicate the entire program may have actually hurt the environment far more than it helped.

According to E Magazine, the “Clunkers” program, which is officially known as the Car Allowance Rebates System (CARS), produced tons of unnecessary waste while doing little to curb greenhouse gas emissions.

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[Guest]

Let's not forget the fact that the average buyer on this program, received $4000, and yet the taxpayers spent $24,000 dollars for each.

These are the kinds of stupid policies we have all come to know and love, that help get the economy sluggish.

http://money.cnn.com/2009/10/28/autos/clunkers_analysis/index.htm

While the program may have had almost no or perhaps no net benefit, it does show that we can invent clunkers of policy.

[Matthitjah]

Yep! However, it did give people something to feel good about themselves and was a needed piece of propaganda for the Leftist takeover of America.