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FE Power Forums => Non-FE Discussion Forum => Topic started by: Qikbbstang on August 07, 2014, 08:02:10 AM

Title: Aug 7 five years ago today: CASH FOR CLUNKERS: Killing Cars by Lethal Injection
Post by: Qikbbstang on August 07, 2014, 08:02:10 AM

Of all the cars this video features the slow painful death of 87 Mustang GT and what's one worth today:

Current NADA 87 MUSTANG GT TOTAL PRICE:
new$11,835
 low retail $4,300
avg retail   $6,400
high retail  $9,400

https://autos.yahoo.com/blogs/motoramic/august-7-cash-clunkers-gets-emergency-2-billion-121742029.html

Title: Re: Aug 7 five years ago today: CASH FOR CLUNKERS: Killing Cars by Lethal Injection
Post by: Lenz on August 07, 2014, 12:36:50 PM

Admit I did not watch to the end, didn't want to.  Gotta wonder what kind of fanatic you have to be to deliberately destroy cars of known value just to "save the planet".  Billions of taxpayer dollars spent to turn something worth thousands into a couple hundred dollars worth of scrap.

But this does serve to illustrate a well known fact:

When government dives in we end up with something worth much less than it was.  As a bonus or maybe salt into the open wound, we also get the added benefit of having it cost way more than it should >:(.

I believe beltway types define these sorts of activities as "progress".