Chart of the Day

Last year, President Obama called cash-for-clunkers "an overwhelming success." Not so, says the Census Bureau, as charted by NewsNEconomics:


source: NewsNEconomics

To be fair, cash-for-clunkers accomplished something: it pushed-up the price of used cars 14 percent since last year.

The foreseeability of this result moves the outcome from an unintended consequence to paradigm of progressive government.

(via Coyote Blog via American Thinker)