When a blog site declared that the CARS program, aka Cash For Clunkers, cost taxpayers $24,000 per vehicle sold and only 125,000 of the sales were incremental, it was too much for the newly aggressive Obama Administration to ignore publicly.
In a witty and number filled response that referred to the publicity seeking site and an analysis by the Council of Economic Advisors, the White House blog asked viewers to decide for themselves.
Not before using rapier wit and a decidedly better written blog post, that is – so if you “live by the sword, you die by the sword” was the signal to all the bloggers out there.
The White House said, “On the same day that we found out that motor vehicle output added 1.7% to economic growth in the third quarter – the largest contribution to quarterly growth in over a decade – Edmunds.com has released a faulty analysis suggesting that the Cash for Clunkers program had no meaningful impact on our economy or on overall auto sales. This is the latest of several critical ‘analyses’ of the Cash for Clunkers program from Edmunds.com, which appear designed to grab headlines and get coverage on cable TV. Like many of their previous attempts, this latest claim doesn’t withstand even basic scrutiny.