Monday, August 11, 2014

Study: 'Cash for Clunkers' an even bigger lemon than thought | Fox News

Another feel good idea that makes life miserable.

Study: 'Cash for Clunkers' an even bigger lemon than thought | Fox News

"Strikingly, we find that Cash for Clunkers actually reduced overall spending on new vehicles," the researchers reported, noting households "tended to purchase less expensive and smaller vehicles such as the Toyota Corolla, which was the most popular new vehicle purchased under the program."

Chalk it up to Obamanomics.

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