Hey JD, this is for you. A while back you listed the Cash for Clunkers as a big achievement from obama. I stated then that it was considered a massive failure.
Here's more data to prove how big a failure it was...
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Researchers at Texas A&M, in a recently released report, measured the impact of Cash for Clunkers on sales and found the program actually decreased industry revenue by $3 billion over a nine-to-11-month period. Meanwhile, the "stimulus" also cost taxpayers $3 billion.
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So we have a program which costs all taxpayers $3 billion to start, and which never brings a profit. Instead, it caused a huge decrease in revenue of $3 billion.
$6 billion wasted on obama's Cash for Clunkers program causing a negative effect on the economy. That's obamanomics for ya.
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