Monday, January 07, 2013 :::
In 2009, the Car Allowance Rebates System (CARS), fondly known as the Cash for Clunkers program, was put into effect to take older, less efficient vehicles off the road and replace them with vehicles that get better gas mileage and release fewer tailpipe emissions. The program was mainly designed to provide a long-term economic boost to U.S car companies. But what was actually accomplished by the program? Unfortunately, CARS didn’t account for the total lifecycle of the scrapped vehicles, or the environmental cost of manufacturing the new vehicles that were sold.
Environmentalists' sad after-the-fact assessment of "Cash for Clunkers," which was bad for the environment, for national wealth, and for the taxpayer.
I told someone recently that I thought 2013 wouldn't be as bad as 1937 because we don't have a president dumb enough to help starving people by deliberately destroying food. When I said that, I had forgotten about this program.
::: posted by Steven at 9:50 PM