By Alan Chapman in Economics
EPA Celebrates the 'Crushing' of One Million Working Refrigerators
In a move that recalls the government venture that pulverized 700,000 used cars under the "cash for clunkers" program, the Environmental Protection Agency is now praising a company for "crushing its 1 millionth refrigerator.". . .
Another government enterprise that took 700,000 cars off the road was 2009's Car Allowance Rebate System (CARS) program, better known as "cash for clunkers." CARS gave consumers a $3,500 to $4,500 tax credit towards purchasing a new fuel-efficient car in place of a thirstier trade-in.
The program destroyed 690,114 viable used cars, with each treated with liquid glass to disable its engine before being shredded into scrap metal, most of which would end up in China, the biggest consumer of U.S. scrap.
Destroy stuff and build new stuff so we can get that GDP number
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