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Originally Posted by Riot
I don't much justification for this. He spent 3 billion on Clunkers (actually, he spent 1 billion, and Congress added another 2 billion), a program which has been greeted as an overwhelming success by the car industry, from top to bottom.
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What else would the car industry say? The govt gave buyers $3 billion dollars to buy up unsold inventory. It is a success for buyers and sellers but doesnt do much more for the other 98% of the country that is financing this. As for the workers put back to work (union workers by the way), that will be nothing but a temporary reprieve since the autos that they are making are still no better or wanted than the old ones that they couldnt sell without a giveaway of massive proportions.