Obama's 'Cash For Clunkers' Unleashed 'Environmental Nightmare' »

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In a classic tale illustrating the “law of unintended consequences,” a new report concludes that President Barack Obama’s $3 billion “Cash for Clunkers” taxpayer-funded boondoggle artificially drove car prices up, not down, and unleashed an “environmental nightmare” through shredding, not recycling, many of the 690,000 cars people traded in for an up to $4,500 car credit. Source Main page (current trends)

More about: Cash For Clunkers, Environmental Nightmare, obama, President Barack Obama

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