Aug 03
Here’s the story:
a. Congress funds the program with $1 billion = $4,000/clunker = 250,000 total clunkers.
b. The program runs out of money after 1 week.
c. Average car sales per week = 125,000 cars
Conclusion: Someone got paid big time…and it’s not consumers.
August 3rd, 2009 at 7:32 pm
This makes me sick and even more infuriated with the ridiculous government spending that has been going on the past 7 months!