"According to Fox News:

The government’s "Cash for Clunkers" program – pitched as a plan to jump-start U.S. auto sales and clean up the environment by getting gas-guzzling vehicles off the road -- may have been a clunker itself, according to a new economic study.

As evidence for this conclusion, the article goes on to say that people traded in their big gas-guzzling vehicles for small fuel-efficient cars. In other words, the program worked exactly as intended. Fox calls it a failure because the small cars are also cheaper, so the auto industry made less money than they could have if people were buying big expensive gas guzzlers instead.

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