Belmont Club

By Richard Fernandez

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Cash for clunkers

August 2, 2009 - 3:21 am - by Richard Fernandez
dwall
2009-08-03 22:38:11

Edmunds says the marginal sales (vehicle sales over what would have been sold anyway) cost us between 20K and 43K per vehicle.

Plus the cost of creating and maintaining the program. What do planning sessions cost in vegas with GS 13′s conferencing with lawyers and industry executives to design this C4C disaster. Maybe another K per vehicle?

Are there no economists left in DC?