Government to Suspend Cash For Clunkers!

[jtmarine1911]

Government to suspend 'cash for clunkers' - WAVE 3 TV Louisville, KY |

Government to suspend 'cash for clunkers'

Posted: Jul 30, 2009 7:47 PM EDT Updated: Jul 30, 2009 8:31 PM EDT

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WASHINGTON (AP) - Congressional officials say the government plans to suspend the popular "cash for clunkers" program amid concerns it could quickly use up the $1 billion in rebates for new car purchases.
The Transportation Department called congressional offices late Thursday to alert them to the decision to halt the program, which offered owners of old cars and trucks $3,500 or $4,500 toward a new, more fuel-efficient vehicle.
The congressional officials spoke on condition of anonymity because they were not authorized to speak publicly.
Through late Wednesday, 22,782 vehicles had been purchased through the program and nearly $96 million had been spent. But dealers raised concerns of large backlogs in the system, prompting the suspension.

(Copyright 2009 by The Associated Press. All Rights

 

[fpdshooter]

One of the dealerships was talking on the news tonight about people having to repay the $4500 they got for this.

If I bought a car and signed the legal paperwork (all 128 pages of the cash for clunkers), good luck getting your money backs, fools!

 

[rambone]

That program went bankrupt fast.

 

[paddling_man]

That aint workin thats the way you do it
Money for nothin and chicks for free

 

[BloodEclipse]

This program was supposed to expire November 1st or when the $950,000 ran out. If they are that far off on this minor program, how can we trust their healthcare estimates to be correct?

 

[Vigilant]

Proof that the .gov has NO BUSINESS being in business!

 

[BloodEclipse]

What will be even funnier, is if the majority of that money went to purchase foreign cars.

 

[mkelsey]

CITIZEN-TIMES.com | HOME


There is a link to the whole article.

 

[Naptown]

Government Motors (GM)

 

[mdroz3]

I was wanting to use the Cash for Clunkers. I just couldn't find a Studebaker Dealer.

 

[waloidian]

I wonder though, how many of the people jumping to take this Gov handout, are the very ones railing against the gov for all the spending and bailouts. Clearly, this has been a huge success and the dealers/consumers want it to continue. I actually wouldnt be surprised if a lot of domestic cars are being sold due to this program. There were a number of reports signaling that we are buying a lot more domestic cars in recent months.

 

[Mike_M]

This is the name of the game with this administration. There were Billions, no TRILLIONS to line the pockets of the fat cats in the corporations, but when it becomes time to give the real Americans something, well, this Administration just can't afford it..... Sacrifices have to be made, but not by everyone. You won't see Nancy Pelosi give up her private jet that ferry's her back and forth between DC and home every week. Which, BTW, she recently upgraded because the fuel stop the old jet had to make took too much time. This costs us taxpayers $60k a trip, thank you very much. But you don't see any sacrifices there.

 

[SavageEagle]

Now I feel sorry for Ford. Have you seen all the TV ads for the CfC program????? There goes about a $100mil out the windown. Good job obamatard!

 

[rambone]

By virtue of the nature of this program, I take it that GM has been stimulated enough to not be subsidized anymore? After all we exhausted the funds that taxpayers gave them.

Otherwise what was the point?

 

[MACHINEGUN]

Hunker down boys.. this is only the beginning of change.

 

[Crystalship1]

That's what happens when you enact a policy without running through the bean-counters!!!! Dumb-arses!!!!!

 

[Scarnucci]

The house just approved to add $2 Billion to the program.

LINK

 

[mrjarrell]

Think how popular that program would be if Obama's EPA hadn't raised the bar for what constitutes a clunker?

 

[VERT]

What will be even funnier, is if the majority of that money went to purchase foreign cars.

I always try to buy american. That's why I will be looking at Ford, Toyota & Honda.

 

[ryanbr]

Come on this is a good plan. Lets go spend thousands to save a few hundred dollars a year on gas. Then when I get layed off in a week,few weeks or couple months they will just repo it. Sounds like a good plan to me. Note the sarcasm please.