There was nothing good about the program except to the very few who figured out a way to make money on it. A “hugh” waste of our money.
My buddy came out smelling like a rose with this - he traded in a perfectly good, well maintained American manufactured SUV for a new foreign manufactured SUV with slightly better gas mileage. He is financially VERY well off, conservative, and was happy to rip off the Gummn’t for this Boonedoggle. (Can I say Boonedoggle on FR?)
Don’t forget the loss of opportunity for poor people and kids trying to buy their first beater.
It was a disgusting waste.
This is like the joke/theory that proposes that it’s a great idea to break all the windows to give window installers more work.
Yup. We exploited it. Traded in an old 1980 Dodge Van and got our son a new car. Yay!!!!! But we knew at the time that it was a bad idea for just about every reason except we got a good deal.