Do you hear the Twilight Zone music playing? Here are a few problems with "cash for clunkers":
1) The government requires destruction of the clunkers, the very cars the poor can afford. I actually heard an interview on public radio with an auto dealer describing how they fill the oil tank with a mixture, then turn on the engine until it dies. One more car body for the landfill. And one less used car for someone who can't afford to buy new.
2) Do the poor benefit? No, but the auto workers' union sure does. This is a liberal payback.
3) Who's buying the cars? Folks who can afford them -- those who are relatively affluent. They get a deep discount on a new car courtesy of the taxpayers (including the poor). This is welfare for the wealthy!
4) Some auto buyers say the cost of a new car is higher. Auto dealers are jacking up the prices of new, fuel efficient models.
"Cash for Clunkers" is pretty on the outside but when you lift the hood there's no engine to run it.
Cash for Clunkers program a tax cut for the rich