Posted on 10/30/2009 6:47:35 AM PDT by FromLori
Last night we were shocked to see that The White House was using its blog to tear into car website Edmunds.com over some analysis it did of Cash-For-Clunkers. To recap: Edmunds.com says the program was a gigantic waste with little effect. The White House disagrees.
Anyway, Edmunds is sticking by its analysis, and it put out the following press release:
SANTA MONICA, Calif. — October 29, 2009 — Today the Department of Transportation and White House chose to respond to an analysis Edmunds.com released Wednesday that looked at auto sales this year and what sales volumes would have been had the popular Cash for Clunkers program never existed.
At issue is one point of the analysis showing the taxpayer cost for every incremental vehicle sold was $24,000. To be clear, Edmunds.com is not disputing the government's statements regarding total voucher applications, vehicles sold or voucher values. The key question is how many of these sales would have occurred anyway.
Apparently, the $24,000 figure caught many by surprise. It shouldn't have. The truth is that consumer incentive programs are always hugely expensive when calculated by incremental sales — always in the tens of thousands of dollars. Cash for Clunkers was no exception.
The White House claims that our analysis was based on car sales on Mars and that on Earth, the marketplace is connected. We agree the marketplace is connected. In fact, that is exactly the basis of our analysis.
It is also claimed we missed
(Excerpt) Read more at businessinsider.com ...
Typical White House Obama/Alinsky tactics - attack and demean anyone who doesn’t parrot their line, even if it comes from non-political, non-enemies like Edmonds.com.
Cash for Clunkers was only designed to goose the Third Quarter GDP numbers ...
and it did.
The 3.5% increase in GDP is a false lying number from a fraudulent lying Government.
How dysfunctional do you have to be to add a automobile enthusiast’s website to you enemies list?
2010’s gonna leave a mark...
Exactly. The 4Q numbers are going to be a disaster for Obama and the country. He’ll try to blame Bush as being a skinny little muslim racist black kid from Kenya, he’s got no game himself.
What do university parasites know about business? Nothing. BO does not have a single czar with a business background and it definitely shows in all these idiotic spending programs. Good for Edmond’s for pointing out that they are experts in this area, not Emmanuel, Axelrod and Co.
IOW, "Cash for clunkers" real intent was for the cash flow to move towards the government, out of the taxpayers' hands.
FIGHT ‘EM BACK, EDMUNDS!! Don’t let these punks rule the day!
I was thinking likewise.
“2010’s gonna leave a mark...”
You may be right. The lefties at Morning Joe are already beginning the spin. Larry O’Donnell said something to the effect that it’s impossible to keep the momentum of 06 and 08 and that losses are expected.
Bottom line is, once a party gets in power, they forget why they were elected, and start trying to get their fill from the public trough. The Republicans did it, and it led to what happened in 06. Now it’s the Democrats turn to get a beating.
But they never learn. The Republicans, once in power, will behave as badly as the Democrats are now.
“How dysfunctional do you have to be to add a automobile enthusiast’s website to you enemies list?....”
As I’ve stated before: Liberalism is an insidious and invasive mental disease with no known cure....worse than any cancer. 30 years ago, these morons would be locked up in a state institution undergoing “shock therapy”. Now, we have them in the highest office of the land. They’re extremely irritable, unpredictable, thin-skinned, dangerous and waaaaaayyyyy beyond any modern medical help. In some societies of the world, they call them: IDIOTS.
Does that help?
How stupid are these guys?
You would think that they would had learned their lesson in the face of the Fox new debacle.
All they are doing is driving up web hits at Edmunds.com
Next week in NJ and VA we land the first blow.
Have you ever seen a government lash out so often at its critics?
No and I am a grandmother so I have seen quite a few administrations.
Hugo Chavez's?
Do I win a prize?
“Have you ever seen a government lash out so often at its critics?”
Yes. But never in the U.S.
Obama needs to pick on someone his own size. He can try the little girls down the block selling kool-aid. What a dork.
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