This Edmunds "article" (actually a PR press release for Edmunds) is using the word "Taxpayer" instead of the word "Buyer." Every Buyer is a Taxpayer... so the logic is there... albeit, thin... read further... to clarify:
Taxpayers are not paying $24K per car destroyed... the Buyer is paying $24K per transaction to get their new car with their Cash for Clunkers trade in.
The article needs to be read carefully. The point of it states that the CfC program might not have increased car sales during that period... since projections of car sales were looking to exceed what happened with the CfC program.
Quote:
Originally Posted by svxcess
.
The final count for the number of SVXs destroyed in the Cash for Clunkers program is officially 126
Here is the breakdown:
SVX AWD
1992: 67
1993: 4
1994: 15
1995: 16
1996: 8
1997: 2
SVX FWD
1994: 10
1995: 1
123 total
Thank you Mr. Obama.
For every car (including the SVX) that was destroyed, so that a new car would be purchased, the American taxpayer paid $24,000. That's $2,952,000 in SVXs alone!
http://www.edmunds.com/about/press/c...icleid=159446&
As a famous blonde once remarked:
"Why should I pay for someone to rape me? I can find a lot of men willing to do it for free!"
.
|