Last month we took a look back at the 2009 Cash for Clunkers program and found that industry analysts had determined that instead of providing the American auto industry with a boost, the optimistic $2.85 billion program wasted millions of…

It appears the old adage that “hindsight is 20/20” is quite true when examining the overall effects of the 2009 governmental subsidy program for new car buyers known most commonly as “Cash for Clunkers.” Even though the current administration has…