Quote:
Originally Posted by Riot
I spent my whole life wanting fiscal conservatism and reasoned social responsibility from my government. I spent decades voting Republican under the grossly mistaken impression that's what they stand for, and what they would do for the country. History shows I was wrong. The GOP is a fiscal disaster for us. No more. They brought us to the brink of collapse, yet they still want to keep repeating their Reaganomics mistakes.
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and this is what you were waiting for?
Edmunds.com, the premier resource for online automotive information, has determined that Cash for Clunkers cost taxpayers $24,000 per vehicle sold.
Nearly 690,000 vehicles were sold during the Cash for Clunkers program, officially known as CARS, but Edmunds.com analysts calculated that only 125,000 of the sales were incremental. The rest of the sales would have happened anyway, regardless of the existence of the program.
Ironically, the average transaction price for a new vehicle in August 2009 was only $26,915 minus an average cash rebate of $1,667.
http://www.edmunds.com/about/press/c...dmundscom.html