I’ve been against this “Cash for Clunkers” idea from the start. What a horrible idea and the whole thing went over like a fart in church. Sure, many people saved money on the purchase of the new vehicle. Those people would likely praise the program. But, from a macro economic viewpoint, this program did nothing of benefit and likely was nothing more than another EXPENSIVE gubment mistake.
I ran into this article published by Harvard Business Publishing that I found interesting.