Obama and his minions: Oh so smart with our money? Taxpayer's multi billion dollar funded cash for clunkers scheme results in many old gas guzzzlers for new gas guzzlers.

Obama and his minions: Oh so smart with our money?  Taxpayer's multi
billion dollar funded cash for clunkers scheme results in many old gas
guzzzlers for new gas guzzlers.


By TED BRIDIS, Associated Press Writer Ted Bridis, Associated Press
Writer – 1 hr 1 min ago

WASHINGTON – Billed as a way for the government to put more fuel-
efficient vehicles on highways, the $3 billion Cash for Clunkers
program sold thousands of commuter-friendly cars, even hybrids, and
more: Turns out, the most common deals replaced old Ford or Chevrolet
pickups with new ones that got only marginally better gas mileage,
according to an analysis of new federal data by The Associated Press.

"The single most common swap — which occurred more than 8,200 times —
involved Ford F150 pickup owners who took advantage of a government
rebate to trade their old trucks for new Ford F150s. They were 17
times more likely to buy a new F150 than, say, a Toyota Prius.....

....plenty of consumers bought relatively low-mileage trucks and SUVs
with the help of government checks..."

In addition related article from The Energy Collective:
A Clunkers Look-back
by Geoff Styles on 11/02/2009 13:43, 180 views
Categories: Energy and Economy, Transportation
Tags: stimulus, cash for clunkers, white house, edmunds inc

"Somehow I missed last week's minor tempest concerning this summer's
Cash for Clunkers program (CFC.) It apparently started when auto
industry publisher Edmunds, Inc. issued a report indicating that the
effective cost to the government of the incremental sales stimulated
by the program averaged roughly $24,000, rather than the $4,000 or so
per car that participating buyers actually received. That's based on
Edmunds' estimate of the sales they conclude would have occurred in
the absence of CFC, shrinking its net contribution from 690,000
vehicles to only 125,000. This prompted a snarky response from the
White House,...."
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