Eugene David
...The One-Minute Pundit

Thursday, October 29, 2009


YOUR TAX DOLLARS AT WORK -- IN THE CLUNKERS PROGRAM:

Edmunds.com says a lot of those sales would have happened anyway, with or without the clunkers program. Of more than 690,000 vehicles sold, only about 125,000 of the sales were entirely due to the government's added inducement, Edmunds.com says. The rest of buyers just got lucky by getting the government to kick cash into deals that they would have proceeded with anyhow. When the cost of the program is spread over just those extra incremental sales, the total is $24,000 per vehicle.

That's just about $2,000 shy of the average amount paid for a new car by buyers in August, $26,915.


DOW UP 180 KAZILLION TODAY!!!!!!!!!!

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