Wednesday, August 26, 2009

59% of Cash For Clunkers Sales Went to Foreign Cars

"According to the Department of Transportation, as of Friday, 59 percent of vehicles bought with Clunkers cash were foreign. The top two sellers were the Toyota Corolla and Honda Civic, both made by Japanese auto manufacturers. The only Detroit vehicles in the top 10 were the Ford Focus and Escape."  Taxpayer-owned GM and Chrysler didn't even really benefit...

Your Tax Money Went To Japan

Readers can draw their own conclusions as to the usefulness and value-added of this program.  I would like to know who's brain-child it was - we know who signed off on it.


  1. So next month they're going to have an article praising the increase in car sales as a sign the economy is improving...

    In this economy why are they luring them to buy 2 things they definitely don't need with our tax money.

    What bothers me is that this program should be limited to cars getting 30MPG combined average. Why are Hummer and Cadillacs on the list of approved cars to purchase?

    With all that spending going on, what's another $3 billion, just a drop in the bucket.

  2. Hummer and Cadillac are GM/Govt-made cars, although I think Hummer is being sold to the Chinese.

    What's hilarious is that this program was rigged to try and stimulate sales of GM/Chrysler/Ford autos, and most of the dough went to the imports!

  3. What is funny is Toyota has already scaled back production, they see the one time effect, but US car makers have scaled up, praying for a miracle. Who is righ, the folks who know 15 years od stagflation-deflation or the bubble heads here in the US? Place your bets.

  4. What we need is a Cash for Clunker-Politicans Program, where we trade in the shoddy-beyond-the-expiration-date-career politicians in for all the money they have stolen from taxpayers for wasteful programs like this! Turn 'em in now! Start at the top ! There are people in our midst who have no transportation and this program destroyed beautifully used cars, some with many miles left on them. How about those used books? What next? The Consititution?! Our parents? Let's get rid of the riff-raff in Washington D.C. --President, Cabinet, Senate, and Congressional Offices,AFSCME etc!