The Used Car Trade

by Patrick Appel

Radley Balko writes:

[The price] of used cars jumps 30 percent. So we have a government program whose stated aim was to shore up huge, failed corporations by giving public money to mostly upper-income people that in the end will penalize low and middle-income people. But remember folks, it’s the libertarianswho opposed [Cash for Clunkers]who are greedy corporatists who hate the poor.

If you read the article, you'll see that certain makes and models of have jumped 30 percent. Smaller used cars cost about 10 percent more. But Balko's basic point holds.