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Cash for Clunkers Extended

August 6th, 2009

The Senate just voted to extend the cash for clunkers program to the tune of another $2 billion dollars. Here are the top 10 new cars purchased under the cash for clunkers program:

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

As far as the total sales are going, the Big Three account for about 45% of the sales. I still don’t understand why my tax dollars are going to help people make bad decisions with their money. Those new cars will devalue by about as much as the government is giving you as soon as you drive the car off the lot. But whatever, we’re stimulating the economy! Keep in mind all these people will have an average of $460 less per month to spend on other things, but lets not think about that.

Author: Derek Clark Categories: General Politics Tags: