Cash for Clunkers: How America Paid to Crush 700,000 Cars

In the summer of 2009, the federal government paid Americans to destroy nearly 700,000 working cars, and the four-word slogan that sold it did more work than the three billion dollars behind it. Cash for Clunkers promised to save the auto industry, clean up the environment, and put money back in people's pockets all at once. In this episode I trace where the name actually came from, how dealers were required to kill every qualifying engine before they could get paid, and why a program meant to rescue American carmakers sent most buyers home in Corollas and Civics. Then the part the evening news skipped: the sales collapse dealers called the hangover, the real cost of around twenty-four thousand dollars per new sale, and the used car buyers and donation charities who quietly took the hit. Plus the psychology that made the slogan land, and two real people on opposite sides of the same program. Another lie bought and sold, and now maybe one you can finally retire. New episodes every Tuesday at 7 AM EST. 📱 Follow along on Patreon: https://www.patreon.com/LiesWeBought/ Instagram: https://www.instagram.com/lieswebought/ TikTok: https://www.tiktok.com/@lieswebought LinkedIn: https://www.linkedin.com/company/lieswebought Facebook: https://www.facebook.com/lieswebought/