An Obama accomplishment

[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.

 

[Brain357]

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.

 

[NightFox]

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

Actually the prices of used cars are falling which is putting downward pricing pressure on new vehicles as automakers struggle to keep new vehicles affordable in the face of lower residual values for used vehicles.

... but your premise is correct, the C.A.R.S program was an idiotic idea from the start as all it accomplished was distorted the auto market and wasted tax payer money in the process; of course market distortion, other peoples money wasting and unintended negative consequences is the governments specialty.

 

[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 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.

 

[Brain357]

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.

Newer cars have better mileage. Was a move toward energy independence.

 

[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 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.

Newer cars have better mileage. Was a move toward energy independence.

A failed move.

 

[Marion Morrison]

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

Actually the prices of used cars are falling which is putting downward pricing pressure on new vehicles as automakers struggle to keep new vehicles affordable in the face of lower residual values for used vehicles.

... but your premise is correct, the C.A.R.S program was an idiotic idea from the start as all it accomplished was distorted the auto market and wasted tax payer money in the process; of course market distortion, other peoples money wasting and unintended negative consequences is the governments specialty.

They are falling now, yet they are still much higher than pre-"cash-for-clunkers".

I included a link in the OP where you can check the price of any make and model. Let's do say, Chrysler 300:

Chrysler 300 in USA - Used Cars For Sale

 

[SassyIrishLass]

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.

GM is after soaking the American taxpayer

 

[leftwinger]

Our car companies are still in business. Thanks Obama.

U.S. exits GM stake, taxpayers lose $10.5 billion - NBC News

 

[Brain357]

Our car companies are still in business. Thanks Obama.

U.S. exits GM stake, taxpayers lose $10.5 billion - NBC News

So republicans don't want us manufacturing. You guys send a lot of mixed messages.

 

[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 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.

GM is after soaking the American taxpayer

GM is ridiculous anymore. Their quality control is terrible.

 

[Marion Morrison]

Our car companies are still in business. Thanks Obama.

U.S. exits GM stake, taxpayers lose $10.5 billion - NBC News

So republicans don't want us manufacturing. You guys send a lot of mixed messages.

Not if it has to be taxpayer subsidized.

 

[Manonthestreet]

We saved more than that on health insurance and care so it's a wash

 

[SassyIrishLass]

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.

GM is after soaking the American taxpayer

GM is ridiculous anymore. Their quality control is terrible.

We have a GMC Denali, it's been OK....my husband drives a BMW, THAT is a vehicle, nothing beats German engineering

 

[Brain357]

Our car companies are still in business. Thanks Obama.

U.S. exits GM stake, taxpayers lose $10.5 billion - NBC News

So republicans don't want us manufacturing. You guys send a lot of mixed messages.

Not if it has to be taxpayer subsidized.

So who pays the tariffs trump wants on china?

 

[Marion Morrison]

We saved more than that on health insurance and care so it's a wash

 

[Luddly Neddite]

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.

But that's not what happened. The US actually made a profit from this as well as saving millions of jobs across the country.

Typical that RWNJs want US businesses to fail. That's why they worship the cheeto.

History will show President Obama to have been one of our best. RWNJs benefited from his accomplishments and they are being hurt by drumpf's corruption.

Thank you, Mr President.
http://www.usmessageboard.com/threads/the-great-barack-obama.583457/#post-16913411

 

[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 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.

GM is after soaking the American taxpayer

GM is ridiculous anymore. Their quality control is terrible.

We have a GMC Denali, it's been OK....my husband drives a BMW, THAT is a vehicle, nothing beats German engineering

I tell you what will happen with that: Door handles will break, headlights/taillights go out, AC louvres fall off.

 

[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 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.

But that's not what happened. The US actually made a profit from this as well as saving millions of jobs across the country.

Typical that RWNJs want US businesses to fail. That's why they worship the cheeto.

History will show President Obama to have been one of our best. RWNJs benefited from his accomplishments and they are being hurt by drumpf's corruption.

Thank you, Mr President.

Show me proof of this alleged profit when the debt went up by 8+ trillion.

Here's a hint: When the debt rises, that's not profit.

Total U.S. Debt Surpasses $19 Trillion; Rises $8.4 Trillion Under President Obama | Zero Hedge

 

[NightFox]

Our car companies are still in business. Thanks Obama.

U.S. exits GM stake, taxpayers lose $10.5 billion - NBC News

So republicans don't want us manufacturing. You guys send a lot of mixed messages.

That's a straw man argument; the problem isn't with manufacturing in the U.S. , the PROBLEM is the federal government picking winners and losers in the marketplace and using tax payer money to do it.

Propping up inefficient producers that are unable to compete in the marketplace using tax payer money is a sure fire recipe for making the economy LESS efficient since it allows those inefficient/non-competitive producers to hold resources captive that would otherwise be released to more efficient/competitive producers. In short, the governments actions short circuited the creative destruction process that capitalism relies on to increase efficiency. Not to mention it's unethical to force market participants to in effect subsidize their competitors via the government taking their tax dollars and bailing out some companies while giving others nothing.