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Though we did correctly call Cash for Clunkers a bad program, I still hate to see the entirely predictable end result. The government handout just induced buyers to move up car and truck purchases a bit so we saw a temporary blip in sales. This chart tells the tale: Source: Clusterstock CRASH: Was Cash for Clunkers a success? I suspect Congress would say yes, however I would say no. Let’s review the scoring here. First, Joe Consumer turns in a decent car, which gets destroyed. Read the full article

Though we did correctly call Cash for Clunkers a bad program, I still hate to see the entirely predictable end result. The government handout just induced buyers to move up car and truck purchases a bit so we saw a temporary blip in sales. This chart tells the tale: Source: Clusterstock CRASH: Was Cash for Clunkers a success? I suspect Congress would say yes, however I would say no. Let’s review the scoring here. First, Joe Consumer turns in a decent car, which gets destroyed. Read the full article