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Author: sykesix Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 62975  
Subject: Re: cahs for clunkers - disaster of a program Date: 1/7/2013 4:10 PM
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Second, the engine and the water pump and the radiator was destroyed by the Cash For Clunkers program. Good parts that are often re-used ......

you don't get an efficiency gain. Remember it took 1850 gallons of gas just to make the new car. It would take 18 years for the average driver of a 20mpg clunker to just pay back the 'cost' of a new car.

There are tens of millions of perfectly good 7+ year old cars out there. Some of the destroyed by C4C....... and thus, just to produce that 1850 gallons of gasoline - put more pollution in the air than will ever be saved by the C4C program!


As I understand it, the reasoning behind the CARS program was to encourage people not to delay new car purchases they had been postponing due to the Bush Depression. Basically a consumer-side auto industry bailout that moved future auto sales into the present. I never heard anyone suggest there would be a net gain of sales over time. In other words, the 1850 gallons of gas manufacturing a new would have been consumed at some point anyway. That was part of the point of the Edmonds article you linked to, wasn't it?
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