Comments on: Cash for Clunkers….You do the Math

By: David DeHaas

David DeHaas — Fri, 22 Jan 2010 22:28:58 +0000

Great point ROI was a negative. Stupid program. We could have paid off 1000′s of mortgages as well. That would have made more sense. It was a great social shuffling program that took more more from us visa vi that hidden tax called inflation and gave to an industry that is still making bad cars. Stupid is as stupid does.

By: Paul

Paul — Fri, 25 Sep 2009 16:45:26 +0000

No, cash for clunkers did not make or save any money. What it did was instill confidence in buyers and put the auto workers back to work to replace all those units. It got people excited about new products and put them in a good economic mood. This is absolutely vital for the auto industry. Yes, it costs taxpayer money, but this is the right way to do stimulus. Instead of just handing the money over, the government got people looking at cars again and put them into a buying mood. The only thing that is going to bring the industry where it should be is buyer confidence and getting people into the stores and this worked better than any tent sale.

By: Cars4Charities

Cars4Charities — Fri, 18 Sep 2009 17:46:11 +0000

In the end, cash for clunkers won’t significantly help automakers or the environment. It did significantly hurt auto repair shops, parts stores, charity car donation, used car sales, taxpayers, and lower income Americans.