[unixfox]

Ovomit spent $3 billion on Cash for Clunkers, and by doing so it reduced spending on new cars by, you guessed it, $3 billion.

The program, which was somehow found to be consistent with the Obama doctrine of “don't do stupid stuff,” cost both taxpayers and carmakers $3 billion.

[mewzilla]

And raised the cost of used cars exponentially.