$24K per clunker claim fuels White House backlash

  • By Business Observer Staff
  • | 11:18 p.m. November 5, 2009
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The federal government's $3 billion investment in last summer's Cash for Clunkers program ended up costing taxpayers $24,000 per vehicle that would not have been sold anyway, according to an analysis by an Edmund.com team of Ph.Ds and statisticians.

 

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