There was an article on the internet the other day which said that each "clunker" turned in cost us (the tax payer), $45,354. Edmunds, an auto appraisal firm, came up with this figure. They said, 200,000 cars would have been traded in anyway, so really only about 22,000 were new sales, thus the $45,354.
There's an old saying, "Figures don't lie, but liars figure"
Mark Twain
If Edmunds knew what car sales would ordinarily be during the 4 day period the clunkers were traded, then I would pay attention, but they're just playing with numbers to get their name in the paper. What a load! The annual sales rate of autos went up substantially in the month and all the new sales weren't even reported yet. Clunkers are good! Hail to clunkers! It's helping to reduce unemployment and get money moving again.
Good luck to you all.
The Old Philosopher
Friday, August 7, 2009
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