Read this:"All the cash-for-clunkers [program] did was steal sales from other retailers. We'd argue that even more damage was done, as consumers who did turn in their clunkers likely surrendered assets with at least some residual value for debt and an equity stake in a sharply deteriorating asset," said T.J. Marta, chief market strategist, Marta on the Markets LLC.
However the government accomplished their real agenda; which is to push the "green movement." Thousands of perfectly good cars were taken in and destroyed. Yep all the clunkers had to be destroyed. Got those gaz guzzlers off the streets and coerced a bunch of suckers to buy new "green" wasting (literally)assets.
The agenda of the gov't is to control us by every means possible. First priority is to break us financially so they can assume complete control over us and we can offer little opposition. Slavery is making a comeback.