Despite being extremely wasteful and creating questionable environmental benefits, the government labeled the cash for clunkers auto program a successful program that exceeded expectations. It worked so well – why not subsidize (again) the housing industry while we’re at it? Detailed in Section 203 of the Waxman-Markey cap and trade …
Politicians are touting cash for clunkers as a successful program that has killed two birds with one stone. By handing out taxpayer money to subsidize a portion of the cost of a more fuel efficient vehicle, the program is saving the economy and saving the environment. Although the program increased …
Yesterday we linked to analysis from Naval Postgraduate School Associate Professor David Henderson detailing how the Obama administration’s Cash for Clunkers program destroys, on average, $3,450 of our country’s wealth every time a car is destroyed through the program. Today, Capital University Law School professor Brad Smith brings us videos …
The Obama administration’s Cash for Clunkers program is supposed to run through 8 PM tonight, but as the Wall Street Journal reports, dealers across the country are ending their involvement early. The reason? “They worry that if a last-minute rush to enter applications jams the system, they will be on …
From Bloomberg: “The U.S. “cash for clunkers” vehicle trade-in program, credited with reviving auto sales and criticized by dealers for slow reimbursements, will close on Aug. 24, Transportation Secretary Ray LaHood said.” The government extended the $1 billion program into a $3 billion program and although the program is now …
In this case Paul is the auto industry, as if they haven’t gotten enough help from American taxpayers, and Peter is the retail industry and, of course, the American taxpayer: “Retail sales outside of autos turned in a disappointing performance in July, underscoring concerns about the timing and durability of …
