Remember the Cash for Clunkers absurdity? Canada’s sister version of the program, Retire Your Ride, was also a laughingstock, as reported by the media. The Conservatives announced the so-called scrappage program in 2008. It offered Canadians incentives, such as public transit passes and small amounts of cash, to junk older vehicles. …The document says the government’s [...]

On October 28, Edmunds posted a press release: “Cash for Clunkers Results Finally In: Taxpayers Paid $24,000 per Vehicle Sold, Reports Edmunds.com.” Edmonds explains the process it used to arrive at incremental vehicle sales from Cash for Clunkers incentives, and then calculated the average cost per vehicle. On the White House blog, Edmunds has been [...]

Here is an amazing series of photos taken at a junk yard that was collecting Cash for Clunkers remains. Note all the SUVs, and mostly, the great condition of many of the vehicles. FYI: if you are at work, your filter may not let you get to this website – it is an AR-15 forum. [...]

The amazing success story for our times. All hail Keynesian stimulus and the economic “recovery.” Thanks to Rod for the heads-up.