The Daily Caller - Breaking News, Opinion, Research, and Entertainment

Monday, August 3, 2009

Another Government "Scam!"...."Cash For Clunkers"

General Motors, Toyota Motor (TM) Chrysler Group, Honda Motor (HMC) and Nissan (NSANY) all reported drops in sales compared to a year ago, but sales rose sharply from June. That allowed industrywide sales to reach nearly 1 million vehicles in July
GM estimated that Cash for Clunkers boosted industrywide sales by 118,000 vehicles, with two-thirds of the purchases coming from buyers turning in clunkers, and the rest from people who came to dealers because of the program and decided to buy a new car even though they didn't have a clunker that qualified.

How many's cars can you buy with 1 billion dollars at $4500 per car the most . 1 billion is 1 thousand millions divided by $4500 is 10000000000 / 4500 = 2222222.2222... That's two million, two hundred and twenty two thousand, two hundred and twenty ... Hmmm. Where did the money go?

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