An Obama accomplishment

[Desperado]

GM now stands for Government Motors
The Federal Government has no business being in the car business.
It is not up to them to pick winners and losers. Let the product do the selling.

 

[Marion Morrison]

Just in case anyone brings up how good Obama "stimulus" was...

 

[TheGreatGatsby]

Just in case anyone brings up how good Obama "stimulus" was...

Never heard a non propagandist say that.

 

[Marion Morrison]

bump for reality!

 

[Marion Morrison]

Yeah, Brain boy!

 

[Claudette]

One thing Obama did while president was set up the C.A.R.S (Car Allowance Rebate System) system. The idea was to take older, less efficient cars off the road and stimulate new auto production in the process.

Obama used $3 billion taxpayer dollars to fund C.A.R.S. AKA "Cash for clunkers" and called it
"stimulus"

However, C.A.R.S. is a dismal failure that wastes taxpayer money, drives up the prices of new and used cars, and slows new car production.

According to research by 2 University of Delaware professors it is a net loss of $2600 per vehicle.

"With per vehicle environmental benets
at $596 and the costs at $2,600 per ve-
hicle, the clunker program is a net drain on
society of roughly $2,000 per vehicle. Given
the approximately 700,000 vehicles in the
program, we estimate the total welfare loss to
be about $1.4 billion."

https://www.researchgate.net/publication/46555587_Is_cars_a_clunker


Prices of new and used cars are now higher for everyone thanks to less availability of used cars on the market.


"the average used car price hit a record $16,800 last year, according to a report from Edmunds.com"


Average used car price hits record high in 2014


"The deep cuts in production capacity during the restructuring of recent years, coupled with the recent rebound in demand for new cars from consumers, means that shoppers can't find the deals they once did."


Car prices at record highs - and rising


If anyone wishes to compare any auto prices between pre-C.A.R.S. and post cars, you can do so here with any make, model, and year:


Car Prices, Sales History, and Mileage on a Graph


So in effect, C.A.R.S. is a program that cost everybody $2k per car, drives up the price of new and used cars, and is a net loss to everyone.

Thanks, Obama!

Our car companies are still in business. Thanks Obama.

Sure they are. Obama used our hard earned tax dollars to keep them al afloat. The only company that didn't take our tax dollars was Ford.

They still haven't paid that money back and we probably will never see the rest of what's owed.

Great job Obama.

 

[Marion Morrison]

Bermpa!

 

[justoffal]

One thing Obama did while president was set up the C.A.R.S (Car Allowance Rebate System) system. The idea was to take older, less efficient cars off the road and stimulate new auto production in the process.

Obama used $3 billion taxpayer dollars to fund C.A.R.S. AKA "Cash for clunkers" and called it
"stimulus"

However, C.A.R.S. is a dismal failure that wastes taxpayer money, drives up the prices of new and used cars, and slows new car production.

According to research by 2 University of Delaware professors it is a net loss of $2600 per vehicle.

"With per vehicle environmental benefits
at $596 and the costs at $2,600 per ve-
hicle, the clunker program is a net drain on
society of roughly $2,000 per vehicle. Given
the approximately 700,000 vehicles in the
program, we estimate the total welfare loss to
be about $1.4 billion."

https://www.researchgate.net/publication/46555587_Is_cars_a_clunker


Prices of new and used cars are now higher for everyone thanks to less availability of used cars on the market.


"the average used car price hit a record $16,800 last year, according to a report from Edmunds.com"


Average used car price hits record high in 2014


"The deep cuts in production capacity during the restructuring of recent years, coupled with the recent rebound in demand for new cars from consumers, means that shoppers can't find the deals they once did."


Car prices at record highs - and rising


If anyone wishes to compare any auto prices between pre-C.A.R.S. and post cars, you can do so here with any make, model, and year:


Car Prices, Sales History, and Mileage on a Graph


So in effect, C.A.R.S. is an Obama program that costs everybody $2k per car, drives up the price of new and used cars, and is a net loss to everyone.

Thanks, Obama!

Whoever makes lists of Obama's "accomplishments", be sure and include this boondoggle done within the 1st 6 months of his presidency.

Progressive policy failure right here.

Obama thought keynes was a Genius,
Nuff said.

Jo

 

[justoffal]

One thing Obama did while president was set up the C.A.R.S (Car Allowance Rebate System) system. The idea was to take older, less efficient cars off the road and stimulate new auto production in the process.

Obama used $3 billion taxpayer dollars to fund C.A.R.S. AKA "Cash for clunkers" and called it
"stimulus"

However, C.A.R.S. is a dismal failure that wastes taxpayer money, drives up the prices of new and used cars, and slows new car production.

According to research by 2 University of Delaware professors it is a net loss of $2600 per vehicle.

"With per vehicle environmental benets
at $596 and the costs at $2,600 per ve-
hicle, the clunker program is a net drain on
society of roughly $2,000 per vehicle. Given
the approximately 700,000 vehicles in the
program, we estimate the total welfare loss to
be about $1.4 billion."

https://www.researchgate.net/publication/46555587_Is_cars_a_clunker


Prices of new and used cars are now higher for everyone thanks to less availability of used cars on the market.


"the average used car price hit a record $16,800 last year, according to a report from Edmunds.com"


Average used car price hits record high in 2014


"The deep cuts in production capacity during the restructuring of recent years, coupled with the recent rebound in demand for new cars from consumers, means that shoppers can't find the deals they once did."


Car prices at record highs - and rising


If anyone wishes to compare any auto prices between pre-C.A.R.S. and post cars, you can do so here with any make, model, and year:


Car Prices, Sales History, and Mileage on a Graph


So in effect, C.A.R.S. is a program that cost everybody $2k per car, drives up the price of new and used cars, and is a net loss to everyone.

Thanks, Obama!

Our car companies are still in business. Thanks Obama.

At what cost? If they couldn't make it financially, they should have been allowed to fail.

Subsidizing them with taxpayer funds is making people invest in them knowing there will never be any returns. I bet there were kickbacks for those that voted to subsidize, though.

Kickbacks are a certainty.

Jo

 

[Marion Morrison]

One thing Obama did while president was set up the C.A.R.S (Car Allowance Rebate System) system. The idea was to take older, less efficient cars off the road and stimulate new auto production in the process.

Obama used $3 billion taxpayer dollars to fund C.A.R.S. AKA "Cash for clunkers" and called it
"stimulus"

However, C.A.R.S. is a dismal failure that wastes taxpayer money, drives up the prices of new and used cars, and slows new car production.

According to research by 2 University of Delaware professors it is a net loss of $2600 per vehicle.

"With per vehicle environmental benefits
at $596 and the costs at $2,600 per ve-
hicle, the clunker program is a net drain on
society of roughly $2,000 per vehicle. Given
the approximately 700,000 vehicles in the
program, we estimate the total welfare loss to
be about $1.4 billion."

https://www.researchgate.net/publication/46555587_Is_cars_a_clunker


Prices of new and used cars are now higher for everyone thanks to less availability of used cars on the market.


"the average used car price hit a record $16,800 last year, according to a report from Edmunds.com"


Average used car price hits record high in 2014


"The deep cuts in production capacity during the restructuring of recent years, coupled with the recent rebound in demand for new cars from consumers, means that shoppers can't find the deals they once did."


Car prices at record highs - and rising


If anyone wishes to compare any auto prices between pre-C.A.R.S. and post cars, you can do so here with any make, model, and year:


Car Prices, Sales History, and Mileage on a Graph


So in effect, C.A.R.S. is an Obama program that costs everybody $2k per car, drives up the price of new and used cars, and is a net loss to everyone.

Thanks, Obama!

Whoever makes lists of Obama's "accomplishments", be sure and include this boondoggle done within the 1st 6 months of his presidency.

Progressive policy failure right here.

Obama thought keynes was. Genius,
Nuff said.

Jo

A lot of people don't realize what a disservice to the country that was.

 

[The Original Tree]

Obama's Accomplishment?

MTGA

Making Terrorism Great Again!

 

[justoffal]

One thing Obama did while president was set up the C.A.R.S (Car Allowance Rebate System) system. The idea was to take older, less efficient cars off the road and stimulate new auto production in the process.

Obama used $3 billion taxpayer dollars to fund C.A.R.S. AKA "Cash for clunkers" and called it
"stimulus"

However, C.A.R.S. is a dismal failure that wastes taxpayer money, drives up the prices of new and used cars, and slows new car production.

According to research by 2 University of Delaware professors it is a net loss of $2600 per vehicle.

"With per vehicle environmental benefits
at $596 and the costs at $2,600 per ve-
hicle, the clunker program is a net drain on
society of roughly $2,000 per vehicle. Given
the approximately 700,000 vehicles in the
program, we estimate the total welfare loss to
be about $1.4 billion."

https://www.researchgate.net/publication/46555587_Is_cars_a_clunker


Prices of new and used cars are now higher for everyone thanks to less availability of used cars on the market.


"the average used car price hit a record $16,800 last year, according to a report from Edmunds.com"


Average used car price hits record high in 2014


"The deep cuts in production capacity during the restructuring of recent years, coupled with the recent rebound in demand for new cars from consumers, means that shoppers can't find the deals they once did."


Car prices at record highs - and rising


If anyone wishes to compare any auto prices between pre-C.A.R.S. and post cars, you can do so here with any make, model, and year:


Car Prices, Sales History, and Mileage on a Graph


So in effect, C.A.R.S. is an Obama program that costs everybody $2k per car, drives up the price of new and used cars, and is a net loss to everyone.

Thanks, Obama!

Whoever makes lists of Obama's "accomplishments", be sure and include this boondoggle done within the 1st 6 months of his presidency.

Progressive policy failure right here.

Obama thought keynes was. Genius,
Nuff said.

Jo

A lot of people don't realize what a disservice to the country that was.

Like his entire tunure.

Jo