Cash for Clunkers – more like Cash for Japanese automakers

Thus far, the “Cash for Clunkers” program has been the only “stimulus” program thats really “stimulated” anything. Of course, it ran out of money in the first part of its program within 4 days after it was supposed to last until October. Now with $2 billion MORE going to Cash for Clunkers, a lot of people would say, so what the problem? It got people out buying cars, hence “stimulating the economy”. That is true, but there are side effects. #1 is it takes perfectly good working cars off the road so they can be “crushed” and their engines sent to China. Another part is that what are people buying? From Dick Morris heres the top 10:

1. Toyota Corolla
2. Ford Focus FWD
3. Honda Civic
4. Toyota Prius
5. Toyota Camry
6. Ford Escape FWD
7. Hyndai Elantra
8. Dodge Caliber
9. Honda Fit
10. Chevrolet Cobalt

As you can see 4 out of the first 5 top selling cars are Japanese brand cars, not American. Shouldn’t GM and Chrysler (now owned by the government with your tax money) at least have 1 vehicle in the top 5?


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August 10, 2009 · Filed Under General Politics

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