Journeyman Project Dispatches from the Life of Patrick Fowler: Christianity Explored

3Aug/091

Cash for Clunkers: Where did OUR money go???

Here's the story:

a. Congress funds the program with $1 billion = $4,000/clunker = 250,000 total clunkers.

b. The program runs out of money after 1 week.

c. Average car sales per week = 125,000 cars

Conclusion: Someone got paid big time...and it's not consumers.

Read the original breakdown at the Freaknomics blog.

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