Cash for clunkers





Cash for Clunkers


The Obama Administration has finally released their top cash for clunkers car list, with some (not) surprising cars on the list. Here are the top 10 purchased cars under the government’s new welfare, wealth transfer system. The list is below the fold:

1. Ford Focus
2. Honda Civic
3. Toyota Corolla
4. Toyota Prius
5. Ford Escape
6. Toyota Camry
7. Dodge Caliber
8. Hyundai Elantra
9. Honda Fit
10. Chevy Cobalt

It’s interesting to note that 6 of the 10 are Japanese/Korean cars and GM only has 1 car on the list.

However, the administration is balking at releasing vital information that may factor into whether we get more money in the cash for foreign cars for clunkers program. Remember during the campaign when Obama promised the most ethical and transparent administration ever? Yeah, he fooled you on that promise too. The real problem here is that the White House is pushing for more funding for the Cash for Clunkers program, apparently another $2 billion dollars. However, they are withholding key facts that could help lawmakers decide whether this is necessary or not.

. . . the Transportation Department, which has collected details on about 157,000 rebate requests, won’t release sales data that dealers provided showing how much U.S. car manufacturers are benefiting from the $1 billion initially pumped into the program.

The Associated Press has sought release of the data since last week. Rae Tyson, spokesman for the National Highway Traffic Safety Administration, said the agency will provide the data requested as soon as possible.

DOT officials already have received electronic details from car dealers of each trade-in transaction. The agency receives regular analyses of the sales data, producing helpful talking points for LaHood, White House spokesman Robert Gibbs and other officials to use when urging more funding.

Does anyone else fear TARP part II here? Remember how they promised us that the TARP money was absolutely vital and that without it the world would end in flames? Then all this money got shoveled to banks who turned out didn’t really need it at all. It sounds like that is what is going on here as well. As the GOP has said, before we just throw another $2 billion dollars at this, let’s wait and take a look and see what the result has been from the 1st billion. If you are a big “buy American” fan, judging by the cash for clunkers car list, the results are not good so far.


Cash for Clunkers