for Barky Obama and his circus of idiots, clowns, and criminals.
EXCERPT: “The 2009 Cash for Clunkers program aimed to stimulate consumer spending in the new automobile industry, which was experiencing disproportionate reductions in demand and employment during the Great Recession. Exploiting program eligibility criteria in a regression discontinuity design, we show nearly 60 percent of the subsidies went to households who would have purchased during the two-month program anyway; the rest accelerated sales by no more than eight months. Moreover, the program’s fuel efficiency restrictions shifted purchases toward vehicles that cost on average $5,000 less. On net, Cash for Clunkers significantly reduced total new vehicle spending over the ten month period.”
This is what happens when idiots from the “Teacher’s Lounge” get a hold of office and implement the idiocy that they dream up in their sheltered bubble of tenured stupidity. The moron from Kenya foisted a stupid program, probably backed by buttheads like Van Jones, Austen Goolsby, Pissant Krugman, and Samantha Power’s hubby Cass Sunstein and all they did was usher in the weakest recovery since 1945!
“The program was bad fiscal policy, bad economic policy, and bad environmental policy. The trifecta of Obamanomics.”
Just to remember what went down with Cash for Clunkers (C4C), they filled the engine with sodium silicate and ran it until it shit the bed and thus, killed any recycleable parts as well as wrecking small auto parts dealers who had inventory in stock for these vehicles, which in reality, weren’t pieces of crap but at the top of used car cycle. Oh, and they managed to take cheap cars away from people who could only afford such to get to work but hey, they get to ride public transit, like the Libs LOVE to inflict on the masses. Just another “feel good, shitty outcome” event from the Democrats and another failure in a very long list of Democrat SNAFUs. The UAW however, loved it. Enough said.
Obama and his idiots should be scourged the old-fashioned Roman way for the massive amount of waste and again, just another Solyndra for the Magic Negro and his cabal of clowns.