We already knew that President Obama’s cash-for-clunkers program was an economic disaster. (We literally would have been better off burning $1 billion in cash.) Liberals console themselves by saying that at least it helped the environment. But it didn’t:
Whoops—’Cash for Clunkers’ Actually Hurt the Environment
According to E Magazine, the “Clunkers” program, which is officially known as the Car Allowance Rebates System (CARS), produced tons of unnecessary waste while doing little to curb greenhouse gas emissions. The program’s first mistake seems to have been its focus on car shredding, instead of car recycling. With 690,000 vehicles traded in, that’s a pretty big mistake.
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