White House Disputes Edmunds’ Cash for Clunkers Analysis

Posted by Jeremy Korzeniewski 0 comments

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Yesterday, Edmunds released an analysis of the Cash for Clunkers program. It concluded that apiece car purchased under the program cost the taxpayers roughly $24,000. You can read the full release here to see how we arrived at that number.

Well, it appears as though the White House doesn't like people going around calling its programs expensive. "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 telegram TV. Like many of their previous attempts, this latest claim doesn't withstand even basic scrutiny," it wrote on the official White House blog.

We have, of course, responded. Decide for yourself who's right here, we know where we stand.

Edmunds: Cash for Clunkers Results Finally In, Taxpayers Paid $24,000 Per Vehicle Sold

White House Blog: Busy Covering Car Sales on Mars, Edmunds.com Gets it Wrong Again

CNN Money: Taxpayers paid $24,000 per car
 

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