The Cash-for-Clunkers program may have set some sort of record for the most federal money thrown away in the shortest amount of time. But, hey, there is good news:
The “Cash for Clunkers” program ended with nearly 700,000 car sales, the Department of Transportation announced Wednesday.
Rebate applications totaling $2.877 billion were submitted by the deadline, which is under the $3 billion allocated for the program, DOT said.
Never mind that they upped the money allocated from $1 billion to $3 billion in less than a month, they were under budget. And what does it say about how we've changed in the last six months that we greet a $3 billion derangement as barely worth worrying about? And if that's funny, this is freakin' hilarious:
Eight of the top 10 new cars purchased through the program came from Honda, Hyundai, Nissan and Toyota, which claimed the top spot with its Corolla. The Corolla, Honda Civic and Ford Focus are manufactured in the United States.
The only vehicles produced by U.S. automakers in the top 10 were the Ford Escape and Focus.
By contrast, all of the top 10 clunkers turned in were made by a Detroit company, with the four-wheel-drive Ford Explorer SUV, Ford F-150 pickup and the four-wheel-drive Jeep Grand Cherokee taking the top three spots.
Yes, Prezident Obama, you can has our health care!