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Cash for Clunkers Revisited: More Damage Done

For those of you that have been here since almost the beginning, you know that we pegged “Cash for Clunkers” as the huge failure that it was.  Here is what we wrote while the program was ongoing… The cars traded in on the program are to be destroyed.  Now, in normal situations, a trade in will either go on the dealer lot, go to auction, or go to the junkyard.  In any of those situations, others will have the opportunity to benefit from this car, either by driving it, or by purchasing the usable parts from it.  When the car […]

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