Dave Ramsey compares Cash for Clunkers to subprime mortgages

Now that Cash For Clunkers has come to a merciful conclusion, I thought it would be fun to post this video of get-out-of-debt guru Dave Ramsey explaining on his FOX Business show why Cash For Clunkers was such a horrible program. Check out the clip below, courtesy of Hulu.

And by the way: If you're thinking about buying a new car, you absolutely must watch the entire episode -- and forward it to anyone you know who is buying, or will ever buy, a car.