Cash For Clunkers

[MikeBjerum]

She would be looking for the VfC (Viagra for Clunkers) program I beleive 

[Kid Shelleen]

Cash for Clunkers, broke after a week and already required additional funding. The program was supposed to last through October on the initial funding. Oops we miscalculated.

We're supposed to trust these same Federal Government Bozos with running U.S. healthcare, an industry responsible for 20% of Americas economy.

I wonder how big that "Oops we miscalculated" will become.

[MikeBjerum]

Cash for Clunkers, broke after a week and already required additional funding. The program was supposed to last through October on the initial funding. Oops we miscalculated.

We're supposed to trust these same Federal Government Bozos with running U.S. healthcare, an industry responsible for 20% of Americas economy.

I wonder how big that "Oops we miscalculated" will become.

True that they screwed up.  After all, they justify the multitudes of staff they employ to do their work by saying this type of basic screw up won't happen.

However, this is more a sign that we have become a nation of beggers and welfare rats with our hands out    Auto dealers have long said that buyers don't buy when there is no program.  We all know that sticker price is only the starting point, and discounts, rebates and special interest rates should always be a part of the deal.  Now we have become conditioned to add in a government program.

[tombogan03884]

http://volokh.com/archives/archive_2009_08_16-2009_08_22.shtml#1250819149

 Dealers in [1]various states, including [2]New York and [3]New Mexico,
   have decided to withdraw from the "cash for clunkers" program due to
   delays in government reimbursements -- and perhaps not a moment too
   soon, as the Department of Transportation [4]announced the program
   would end Monday (two months early) because it's again out of cash.

References

   1. http://www.washingtonpost.com/wp-dyn/content/article/2009/08/19/AR2009081903929.html?hpid=sec-business
   2. http://www.breitbart.com/article.php?id=D9A63RC81&show_article=1
   3. http://www.krqe.com/dpp/news/business/business_krqe_albuquerque_dealers_stiffed_as_clunkers_pile_up_200908200033
   4. http://www.nytimes.com/2009/08/21/business/21clunkers.html

http://news.yahoo.com/s/ap/20090821/ap_on_bi_ge/us_cash_for_clunkers
WASHINGTON – Car shoppers have until Monday night to take advantage of lucrative Cash for Clunkers rebates from the government, and the Obama administration is hoping for a smooth ending to a program that has spurred auto sales but created headaches for many auto dealers.

The popular program will end at 8 p.m. EDT Monday after burning through much of its $3 billion in funding in just a month. All new deals will have to be completed and dealers must file their paperwork by the deadline in order to get repaid for the big incentives.

President Barack Obama and administration officials declared the program a success Thursday, saying it has revitalized the ailing auto industry and finally brought reluctant car buyers back to dealership lots. Originally a $1 billion program, Cash for Clunkers was boosted to $3 billion in early August after heavy customer demand nearly depleted its funds in just one week.

[tt11758]

http://volokh.com/archives/archive_2009_08_16-2009_08_22.shtml#1250819149

 Dealers in [1]various states, including [2]New York and [3]New Mexico,
   have decided to withdraw from the "cash for clunkers" program due to
   delays in government reimbursements -- and perhaps not a moment too
   soon, as the Department of Transportation [4]announced the program
   would end Monday (two months early) because it's again out of cash.

References

   1. http://www.washingtonpost.com/wp-dyn/content/article/2009/08/19/AR2009081903929.html?hpid=sec-business
   2. http://www.breitbart.com/article.php?id=D9A63RC81&show_article=1
   3. http://www.krqe.com/dpp/news/business/business_krqe_albuquerque_dealers_stiffed_as_clunkers_pile_up_200908200033
   4. http://www.nytimes.com/2009/08/21/business/21clunkers.html

http://news.yahoo.com/s/ap/20090821/ap_on_bi_ge/us_cash_for_clunkers
WASHINGTON – Car shoppers have until Monday night to take advantage of lucrative Cash for Clunkers rebates from the government, and the Obama administration is hoping for a smooth ending to a program that has spurred auto sales but created headaches for many auto dealers.

The popular program will end at 8 p.m. EDT Monday after burning through much of its $3 billion in funding in just a month. All new deals will have to be completed and dealers must file their paperwork by the deadline in order to get repaid for the big incentives.

President Barack Obama and administration officials declared the program a success Thursday, saying it has revitalized the ailing auto industry and finally brought reluctant car buyers back to dealership lots. Originally a $1 billion program, Cash for Clunkers was boosted to $3 billion in early August after heavy customer demand nearly depleted its funds in just one week.

Why should it surprise anyone that the program cost three times as much as projected, even though it's been cut 3 months short?  It's just another entitlement program, and all of the kool-aid drinkers, as well as a large number of others, have been unable to resist the temptation of "free" money.  Wake up, people, the money for this program and ALL entitlement programs (hell, EVERYTHING the gubmint does, for that matter) comes DIRECTLY FROM YOUR POCKET!!!

I wonder how many of the Obama faithful will find it a rude awakening when they realize that they'll actually have to make payments on their new vehicles......that "The One" isn't just GIVING them a new car for trading in their old one.  You know there will be some of the Kool-Aid Brigade who will be shocked and outraged that they're actually expected to PAY for their new car!!


ok, rant off.

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