We’ve been crying over this Cash for Clunkers deal since day one and now that there is a contingent of people proclaiming the mess a “great success” we’re really up on the tire. We found a pretty interesting analysis of the program’s effects by the numbers. It sucks as badly as we thought.
The analysis is located on a website called Briefing.com that caters to investors and money poeple. The picture that is painted for the future is not bright.
Look in the story for Cash For Clunkers’ effect on the Gross Domestic Product of the US (nil) and some thoughtful suppositions about the people who purchased cars and their motivations for doing so.
