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Old 10-29-2009, 02:47 PM   #2
saden1
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Join Date: Feb 2004
Location: Seattle
Age: 46
Posts: 10,069
Re: Cash For Clunkers Cost $24,000 Per New Car Sale

It's easy to discredit these guys and their math. Under the cash for clunkers program 85% of trade-ins are trucks, and 59% of new vehicle purchases are cars. This is quite a feet that has never happened before and would not happen without the program. I really don't know how these guys came up with their figures but from the looks of it they should ask for a refund on those PhD.

p.s. One thing that struck me is their emphasis on how many PhDs they have as if that add to their credibility.
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