MR Interview: Auto Industry Insider Explains How C4C Distorted The Market, Wiped Out Rebates, And Cemented Japanese Dominance
Smart move ending Cash 4 Clunkers today. Another few days and conservatives could have added “how do you expect to run health care if you morons bankrupted a simple auto rebate program” to their list of anti-ObamaCare arguments.
It’s hard to run down all the ways this was arguably the dumbest government program ever. But just to give you a sense of the mind-bending layers of stupidity at work, here are a few excerpts from a MR chat with auto industry insider SPK. Accounting for the needs of anonymity, suffice to say that SPK plays a significant role in marketing and retail at a major dealership.