Thursday, 31 July 2014

Cash for Clunkers - Russian Style

Four Years ago Australian PM Gillard launched a policy that was supposed to take older cars off the road for more fuel-efficient newer cars:

Julia Gillard unveils a cash for clunkers policy 

The "cash for Clunkers" was doomed for failure from the outset.

Cash for clunkers is pink batts on wheels

Gillard says the scheme will cost $394 million over four years and take 200,000 clunkers off the road in that period. 
It will not achieve either goal.