Cash for Clunkers Hangover & a Failure


While sales at most automakers rose in August, particularly among Asian manufacturers, Chrysler sales fell 15 percent and General Motors sales fell 20 percent, suffering from a comparison to strong sales in August 2008.
Toyota’s August sales rose 6.4 percent as it dominated the clunkers program. Honda’s sales rose 10 percent, its biggest increase since May 2008. Sales at Subaru, the only automaker with a year-to-date sales increase, jumped 52 percent. Hyundai sales surged 47 percent to a record.

Foreign automakers fared best in the clunkers program. Read More

Obama and the Democrats bragged that the clunkers program was a great success when in fact it helped Foreign automakers the most at a expense to we the taxpayers of $2.88 billion. Another Obama idea that did not work. In other words it was a failure.  Maybe someone should tell the Democrats that Failure refers to the state or condition of not meeting a desirable or intended objective, and may be viewed as the opposite of success. Is this the way Obama’s health care would work?  If so who would want it?


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