The cash for clunkers program was commented on by me prior to its execution. I pointed out why it would be a fiasco. It was a left-leaning, political freebie to the middle class for the wrong purpose.
Bottom line: It proved to be a non-stimulus procedure, that hurt future new and used car sales, as well as auto mechanics who repair cars.
This happens as a rule when government meddles in free markets, whether it be manufactured goods or services. And I include health services as well.
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