I "personally" just don't like the idea of the rest of us helping buy a new car for someone else. Plus it cost 50 million to process the first 1 billion.
To make it worse, over 50% of the new cars bought were foreign companies (Hyundia, Honda, Toyota) Ford is getting near 40% of the sales with the Focus.
But really, aren't we just getting these cars off the road "earlier". Some of these cars were not DD's, so zero green house impact. Unless our wallets used to be green.
In Missouri, we waited 3 years after a study on cars that showed a class of cars were really polluting the air to get car testing legislation passed. Another 5 years to get the testing stations built and in service. 3 years after that, they discovered the cars that they were trying to get corrected for emissions had 85% been removed from the roads because they were old and people junked them. They have now closed those centers, and testing is done at the inspection stations. No dyno testing anymore..
Classic waste of money. This cash for clunkers seems the same to me. Just appeasing a group of voters who "think" it's a good idea without the data to back up the feelings.
So they are calling it a "stimulus" instead.
E