Here is a related article to the one below. We taxpayers payed over $24000 per clunker according to Edmunds. The White House disputes their figures. Who do you trust?
So for every 4 clunkers we bought, for $24,000, we lost another job. Thanks democrats and Tom Perriello.
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Cash for Clunkers survey by Edmunds has White House peeved
A shocking report released by Edmunds Inc. stating the Cash for Clunkers program cost taxpayers 24,000 per vehicle has attracted the not so favorable attention of the White House. Earlier this week, Edmunds.com released their research that stated only 125,000 of the 690,000 total car sales figures should be counted in the national statistics. Their assumption is that the large remainder of new vehicles would have been purchased anyway, regardless of the Cash for Clunkers program.
Edmunds based their figures on the 3 billion dollars of government money spent on the program and divided it by their own estimate of 125,000 vehicles that should have qualified, equaling $24,000 per vehicle.
One day after the results were publicized, the official White House blog site disputed Edmunds figures and discredited their method for determining the controversial number. The blogger went on to state that Edmunds ignored the positive impact that Cash for Clunkers had on the economy by drawing large numbers of customers into dealerships, even if their cars didn’t qualify for the program. The blogger also takes issue with Edmunds for ignoring the possible creation of an estimated 70,000 automotive jobs in the second half of 2009, and attributes Cash for Clunkers for increased production by several major auto makers.
The battle of wits is likely to continue as the White House blogger asserts that Edmunds.com is more interested in grabbing headlines than offering factual information.
Edmunds Inc. publishes four web sites including Edmunds.com which they promote as being the premier online resource for automotive consumer information.
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