But . . . it was a SUCCESS!

Contributed by: filbert Friday, October 02 2009 @ 11:52 AM CST

Megan McArdle on 'Cash for Clunkers':[*1]

in the aftermath, sales are plummeting[*2] :  47% at GM, 44% at Chrysler, 8.9% at Ford, 16% at Toyota, 23% at Honda, 11% at Nissan.  I hope those car companies used the cash infusion now, because they'll be on lean rations for months, even years.

There were economists who tried to tell Congress and the President that 'Cash for Clunkers' was a bad idea. They were ignored.

Now, and in the months and years ahead, we'll see exactly how much it really cost us.

This is what they call a "successful government program."

If this is success, do any of us really want to see what failure looks like?

Medary.com - But . . . it was a SUCCESS!
http://www.medary.com/article.php/20091002125214255

[*1] http://meganmcardle.theatlantic.com/archives/2009/10/hows_that_cash-for-clunkers_de.php
[*2] http://www.bloomberg.com/apps/news?pid=20601087&sid=a0QFjrJ95Kkk