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C4C From the GOV is FUBAR

September 22, 2009

It appears the cash for clunkers program was medicore at best.

Most buyers put off other purchases to buy a car, so the house improvements and other items will be put on hold for a long time.

Why? The actual C4C numbers were an average loan length of 49 months and an average payment of $317.

Yes, while the economy is pretty shaky the government convinced people to add on more debt. When the Government is the major shareholder in car companies that is what you get-bad policy.

Also, gas won’t be saved.

http://autos.aol.com/article/cash-for-clunkers-greenwash

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