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Sunday, August 30, 2009

NH “Wins” With Latest Government Giveaway

Thoughout the debate over the stimulus, STEWARD reminded Granite Staters that the package was not a fair deal for New Hampshire taxpayers with regards to return on investment.

Cash for Clunkers, however, has turned that around, the Boston Globe reports:

It’s official: New Hampshire is the “The Clunker State.’’

More commonly called the Granite State, with the motto “Live Free or Die’’, New Hampshire had the highest number of rebate dollars per capita in the Cash for Clunkers program, which gave drivers a $3,500 to $4,500 discount on a new car in exchange for an older, less fuel-efficient vehicle.

The state had $23 million in rebate applications, or $17.51 per person, through the $3 billion, three-week federal program that ended Monday, according to several reports that used data from the US Census and US Department of Transportation.

Of course, the logic behind wasting three billions of dollars to destroy perfectly good assets still alludes most Americans.

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