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Cash for Clunkers Dealers Must Destroy Engines to Prevent Fraud

July 24, 2009 Politisite 0

One problem with the Cash for Clunkers program is it takes cheap cars off the street for poor folks. The program essentially makes every car, no matter the condition, worth $4500.00. By doing so those of modest means cannot find an automobile for a better price. Now with the directive to chemically destroy the vehicles, the reasonable used car market is destroyed as well. In addition, this program makes engine car parts scarce as well.
This program is just another example of a poorly thought out program that does not help the poor.