Saturday, January 5, 2013

Why Am I Not Surprised

From Yahoo News: Back in 2009, President Obama’s “Cash for Clunkers” program was supposed to be a boon for the environment and the economy. During a limited time, consumers could trade in an old gas-guzzling used car for up to $4,500 cash back towards the purchase of a fuel-efficient new car. It seemed like a win for everyone: the environment, the gasping auto industry and cash-strapped consumers.
Though almost a million people poured into car dealerships eager to exchange their old jalopies for something shiny and new, recent reports indicate the entire program may have actually hurt the environment far more than it helped.
According to E Magazine, the “Clunkers” program, which is officially known as the Car Allowance Rebates System (CARS), produced tons of unnecessary waste while doing little to curb greenhouse gas emissions.
The program's first mistake seems to have been its focus on car shredding, instead of car recycling. With 690,000 vehicles traded in, that's a pretty big mistake.
According to the Automotive Recyclers Association (ARA), automobiles are almost completely recyclable, down to their engine oil and brake fluid. But many of the “Cash for Clunkers” cars were never sent to recycling facilities. The agency reports that the cars’ engines were instead destroyed by federal mandate, in order to prevent dealers from illicitly reselling the vehicles later.  http://news.yahoo.com/why-cash-clunkers-hurt-environment-more-helped-024848694.html
It seems like that almost every liberal policy the Obama administration has attempted has failed or did not do what they have said.  The auto bailouts, stimulus plans and the cash for clunkers were major failures.
And besides hurting the environment, it also hurt the used car business, which in turn hurt the poor by limiting the cars the poor could by.
A Volvo being destroyed for cash for clunkers. At the video, you will see how the Cash for Clunkers was horrible for the environment.

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