Wednesday, August 12, 2009
Cash For Clunkers Cost =$9594 for every $4500 rebate
As a somewhat analytical person, I've had some of these same thoughts.
It's hard for me to buy or buy into something without thinking about unspoken costs, unforeseen circumstances, and unintended results.
It's sometimes tough being that way, as it often seems like everyone else just accepts what's offered...
It's hard for me to buy or buy into something without thinking about unspoken costs, unforeseen circumstances, and unintended results.
It's sometimes tough being that way, as it often seems like everyone else just accepts what's offered...
Shaun Pickford writes about C.A.R.S. at reddit.com:
"With $1 billion spent setting up and administering the program, and $775 million spent on the rebates, that totals up to $1.775 billion spent so far for the program. Divide THAT amount up between 185,000 consumers and thats $9594 per consumer. So the government had to spend over $9,000 per person to give out $4,500 rebates. Sure, 185,000 consumers helped seems like a lot, and that number is likely to rise, and may even double or triple with the extension of the program, but 185,000 is only roughly .061% of a country of about 307 million."
