Edmunds.com — known for evaluating new and used cars and their markets — collated its seasonal car sales numbers with the results of the cash for clunkers program (aka Car Allowance Rebate System). Their findings were that factoring in new car sales that would have taken place anyway, the government subsidized each true “clunker” replacement to the tune of $24,000.¹

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Budget Deficit, Cash for Clunkers, Edmunds.com, Government inefficiency, Government takeover, Green Economy Hide