On Mon, 02 Nov 2009 05:27:26 -0800, dave wrote:

Steve wrote:
On Sun, 01 Nov 2009 22:29:35 -0600, "5265 Dead, 398 since 1/20/09"
wrote:

On Sun, 01 Nov 2009 18:57:37 -0800, MagneticEnergy wrote:

What good are the numbers when they are distorted by government
spending programs? Claims that $4500 car rebates cost taxpayers
$24K? That's absurd. Giving people $8K to buy a house, and that
costs taxpayers $46K? With that kind of "social spending" you could
give away cars that cost less than $10K and liveable RV trailers that
don't require financing?
Those numbers are absurd, and I suspect someone pulled them out of
their ass.

Actually, it was a study by Edmunds, who seem to know plenty about
automobile sales...

What happens when a car dealership closes?

The CSM had a followup on that Edmunds story that included this
interesting tidbit:
Mike Jackson, CEO of AutoNation, the country’s largest new-car dealer
chain, agrees with the White House’s tough response, calling the Edmunds’
study “uncharacteristically shoddy,” according to USA Today.

“Simply put, they’ve misrepresented the facts, and the White House is
completely justified in calling them out on it,” Mr. Jackson said.

Additionally, there are direct links, both to Edmunds and the CEA. It
can be found he
http://features.csmonitor.com/politi...om-fires-back-
at-white-house-cash-for-clunkers-slam/