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The article neglects to mention Obama's $3 billion dollar Cash for Clunkers program in '08 which hurt used vehicle supply.
by r27d 9y ago
The article neglects to mention Obama's $3 billion dollar Cash for Clunkers program in '08 which hurt used vehicle supply.
- rconti 9y agoShouldn't that have RAISED use vehicle prices? Or is that your point, that the dropoff would have been even larger without C4C?
- aidenn0 9y agoIf you have an outlier like that you can skew the slope greatly by where you pick your starting point. E.g. if I were to measure the drop in used-car prices from when C4C was at its peak, I would expect to see a big drop; much bigger than if I measure from just before C4C.
- r00fus 9y agoYeah, several years ago. Now it's plummeting due to a glut.
- r27d 9y agoHere's a great article. https://www.bostonglobe.com/opinion/2014/08/31/cash-for-clunkers-how-bad-public-policy-gets-made/LStZtMRqTNKxAc62sYP4fM/amp.html https://www.bostonglobe.com/opinion/2014/08/31/cash-for-clun...