Well we all knew this program was going to turn out to be a massive waste of money, but I never would have anticipated the actual level of waste. Edmunds.com ran an analysis, discussed here. The results are an absolute embarrassment: only 125,000 additional vehicles sold that wouldn't otherwise have been sold, costing taxpayers an average of $24,000 per car.
That's right, 24 THOUSAND dollars per car. What an enormous waste.
Thursday, October 29, 2009
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