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Report: Cash for Clunkers a Huge Waste
For $3 billion, “the federal government could have purchased the 125,000 cars outright at manufacturer suggested retail prices … and then handed each of the recipients an additional bonus check averaging the Cash-for-Clunkers subsidy of $4,000,” writes Thomas Eddlem at The New American.
View Source: http://moneynews.newsmax.com/streettalk/cash_for_clunkers_waste/2009/11/03/280931.html?s=al&promo_code=9004-1
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