Well, according to our current geniuses in government, "capitalism" has been a failure.
So, in the interest of correcting a terribly flawed system, Obama's minions have decided that we need to take $3 billion in taxpayer money to get people to turn in perfectly good cars they already own, in order to incur personal debt buying new cars they didn't need, and then destroy the old cars so that their value utterly ceases to exist.
Thank God we're giving up that awful capitalism, huh?
Reminds me of FDR buying milk and pouring it down the sewers while children went hungry during the depression.