Has anyone really looked at the economics or even the enviromental impact of the program. ... Is it a good trade-off.
Since the consumer receives either $3,500 or $4,500, but the money spent by the government per transaction amounts to (depending upon "analysis" source) $10,000-$20,000+, then the obvious answer (to a bureaucrat or politician) is a resounding, "YES!" Who is getting the rest of the money? Administrators, bureaucrats, politicians, and their cronies, of course!
Typical program, in that for every dollar to the "beneficiary", anywhere from $2 to $5 is "overhead"...but Obamacare will save money, even as C4C saves the environment and the economy.
posted on 08/01/2009 12:14:56 AM PDT
(The mob got President Barabbas; America got shafted)
I haven't seen anything discussing government overhead. I did see an article that analyzed the expected number of "clunker" trade-ins that would have occurred anyway without the program during this year vs the increased number now. The approximately $20k was for each car in excess of those that would be traded-in anyway.
posted on 08/01/2009 5:37:09 AM PDT
(Obama's medical nationalization bill reads like Atlas Shrugged with doctors instead of railroads.)
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