THANKS OBAMA! Fox News Greg Gutfeld Says THIS Is What Made Used Cars UNAFFORDABLE. Is He RIGHT?
Posted on 6/30/2026 by Agent001
In the wake of the 2009 financial crisis, the Obama administration launched several stimulus measures designed to revive the struggling economy and promote greener practices. One of the most memorable was a program that encouraged Americans to trade in their aging vehicles. Fox News host Greg Gutfeld has repeatedly spotlighted this initiative as a cautionary tale of good intentions gone awry.
Greg Gutfeld has been vocal in his criticism of President Obama's 2009 Cash for Clunkers program, arguing that it inadvertently destroyed affordable cars for everyday Americans. The initiative offered rebates of up to $4,500 for trading in old, inefficient vehicles for newer, cleaner models. Over its short run, approximately 677,000 cars were scrapped under the program.
Gutfeld's theory highlights how the policy removed vital transportation options from the market. Older vehicles, often still reliable and cheap to buy and maintain, served as a lifeline for low-income individuals who couldn't afford new cars. These clunkers provided essential mobility without the hefty price tag of newer models. By mandating their destruction rather than resale, the program shrank the pool of budget-friendly used cars, contributing to higher prices and reduced accessibility for working families during tough economic times.
While the program aimed to stimulate the auto industry and promote fuel efficiency during the recession, Gutfeld contends the benefits were overstated and short-lived. Many purchases were simply accelerated from future periods rather than creating new demand. The rebates primarily helped buyers who could already afford newer vehicles, offering little relief to those dependent on affordable used cars. Any environmental benefits were marginal compared to the taxpayer expense and the loss of cheap transportation options. Instead of aiding broad economic recovery, the program hurt working-class families by reducing their car-buying choices.
Gutfeld sees this as a classic case of government intervention that fails to account for real-world market effects and unintended consequences on the most vulnerable citizens. Affordable cars are key to economic opportunity, allowing people to commute to work and manage daily responsibilities.
Do you agree with Greg Gutfeld's assessment that Obama's 'Cash for Clunkers' destroyed affordable cars? Share your opinion in the comments.