This summer's so-called Cash for Clunkers program cost taxpayers $24,000 per vehicle sold, according to an analysis by Edmunds.
Nearly 690,000 vehicles were sold during the Cash for Clunkers program, officially known as the Car Allowance Rebate System (CARS), but Edmunds.com analysts indicate that only 125,000 of the sales were incremental. The rest of the sales would have happened anyway.
AMAZING, the incompetence of our government with everything they touch!
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