Gee, "Penny-pinching" Pete, thank you so much for that $3 Billion dollar, $24,000.00 per vehicle taxpayer funded boondoggle.

A little trip down memory lane?  Excerpt from 02/08/11

Yes, let's take a look at what Vice Plugs just said of the $3,000,000,000.00 Cash-For-Clunkers gummint program.

SANTA MONICA, Calif. -- October 28, 2009 -- Edmunds.com, the premier resource for online automotive information, has determined that Cash for Clunkers cost taxpayers $24,000 per vehicle sold.

Nearly 690,000 vehicles were sold during the Cash for Clunkers program, officially known as CARS, but Edmunds.com analysts calculated that only 125,000 of the sales were incremental. The rest of the sales would have happened anyway, regardless of the existence of the program.

Ironically, the average transaction price for a new vehicle in August 2009 was only $26,915 minus an average cash rebate of $1,667.

"This analysis is valuable for two reasons," explained Edmunds.com CEO Jeremy Anwyl. "First, it can form the basis for a complete assessment of the program's impact and costs. Second--and more important--it can help us to understand the true state of auto sales and the economy. For example, October sales are up, but without Cash for Clunkers, sales would have been even better. This suggests that the industry's recovery is gaining momentum."

Didja notice that that report didn't even address who gained the most from those $24,000.00 per vehicle taxpayer subsidized Obamanations.  Try the bulk of our tax dollars going to Japan, Korea and Germany on for size.  Nothing like "stimulating" foreign nations while in a depression of our own.

And the real kicker in the Cash-For-Clunkers report from Edmunds.com?

Coincidentally, a parallel analysis of the first-time homebuyer credit was reported yesterday by MIT Sloan Professor Simon Johnson and Yale law student James Kwak, who both blog about economics at The BaseLine Scenario.

Yep, yet another Democrat Party led gummint program failure just like all them "shovel ready" Porkulus jobs.  The only Porkulus jobs I've seen are the installations of those silly signs telling me that some kind of gummint union employee inactivity is happening along a roadside somewhere.

Like Representative Paul or not, he summarizes all these Democrat "investment" schemes well in just discussing the failed Cash-For-Clunkers boondoggle.

Yep! That's Team Obama for yah.  Keeping American's dependent on foreign oil, and more importantly, keeping "the poor" on the Democrat Party plantation.