Gee, why the sudden shortage of used cars?  Perhaps Cash for
Clunkers has a little something to do with it  By , Guest
blogger    • close     Vehicles turned in during the Cash for
Clunkers program are seen at the Riverside Auto Mall, Saturday,
Sept. 12, 2009 in Marquette, Mich. Used car prices are on the
rise – could it have anything to do with all the cars that were
destroyed during the Cash for Clunkers program?     View Caption
The WSJ reports that used car prices are soaring. “The price of
used cars is just crazy right now,” said Adam Lee, chairman of
Maine dealer Lee Auto Malls. His dealership is paying hefty sums
for cars it normally might not purchase to have a full
inventory. “It can be a piece of junk—cars we used to pay $2,000
or $2,500 for, we are now paying $5,200 to $5,500,” Mr. Lee
said.  The WSJ story meanders around for a cause but never
mentions Cash for Clunkers, the most cockamamie scheme for
deliberate destruction in our time. Some 600,000 cars were
destroyed after being bought by the go