My last post about “Cash For Clunkers” was on October 8 and can be found here: https://www.economicgreenfield.com/2009/10/08/cash-for-clunkers-revisited/ On Thursday, there was an interesting story on CNNMoney.com concerning a sales analysis of the Cash For Clunkers program. It can be found at this link: http://money.cnn.com/2009/10/28/autos/clunkers_analysis/?postversion=2009102910 Here are some excerpts that are particularly notable: “A total of … Read more“Cash For Clunkers” : Incremental Sales Analysis
Here is an October 5 Wall Street Journal editorial reviewing the “Cash For Clunkers” stimulus plan: http://online.wsj.com/article/SB10001424052748703628304574453280766443704.html Also, to provide perspective, a chart of Vehicle Sales from the CalculatedRisk blog (10/1 post) at this link: http://www.calculatedriskblog.com/2009/10/light-vehicle-sales-92-million-saar-in.html As one can see, the “Cash for Clunkers” seems to have been successful in temporarily causing a surge in auto sales for July and … Read more“Cash For Clunkers” Revisited
Perhaps some have seen a recent Wall Street Journal editorial that commented on the economics and logic of the “Cash for Clunkers” program; it is subtitled “Let’s have a $4,500 subsidy for everything” and can be found here: http://online.wsj.com/article/SB10001424052970204313604574326531645819464.html In one of the articles I have written, titled “Intervention’s Potential Blindspots” which is listed halfway … Read moreComing Soon – “Cash for Sneakers”?
One of the criticisms I have read of the “Cash for Clunkers” stimulus is that the program is poorly administered. It seems disconcerting that such a seemingly simplistic program like the “Cash for Clunkers” program is poorly administered. One is led to wonder how more complex programs will be managed. The effectiveness, and efficiency of how … Read moreAnother Underexplored Facet of Stimulus Programs
“Get your share of the stimulus!” is a slogan that has typified the auto dealer advertising for the “Cash for Clunkers” program. For many reasons, I think that the “Cash for Clunkers” program is highly flawed on an “all things considered” basis and should have never been legislated. Without writing a “book” on the subject, here are a … Read more“Cash For Clunkers” Is A “Junker”