'Cash for Clunkers' Going Broke (shutting down Thursday night)

Politico ^ | July 30, 2009 8:44 PM | Staff

[LukeL]

If the car is candy apple red I would be ashamed.

[Humble Servant]

” Say no to Obama care as its another Cash for Clunkers program. “

Cue Monty Python and the Holy Grail:
“Bring out yer dead, bring out yer dead..”
“I’m not dead yet”
“I know, but ‘e won’t be back for another week.” (bonk).

[Kickass Conservative]

You traded in a 69 Camaro that they will destroy? Please tell me it was a rust bucket.

I'm looking at buying a 2010 Camaro, but I have to get the V-6 in order to use the Cash For Clunkers money. Turning in an old S-10 P/U.

[Enterprise]

Well jeez louise! If it is working so well, and a LOT of cars are being sold, then allocate a couple of more billion. Cars being sold, people being put back to work. What an idea!

[MaxMax]

What happened to the other $800-Million? This was a funneling scam
from the start. We need a Congress that oversees the Congress.

[reg45]

How much will we get if we trade in 0bama? Now, there’s a real clunker.

[edge10]

‘Just do the math. Assume an average rebate of $4K. One billion divided by $4,000 is 250,000 trade-in’s. Do they mean that in a week or two of the programs existence there were 250,000 trade-in’s?’

Exactly. Do the Math, something is rotten in Denmark (no big surprise with Zero/gov involved).

[fight_truth_decay]

All the clunkers to qualify have to be destroyed to prevent fraud. Two quarts of sodium silicate solution and run the engine for up to seven minutes.

The "end dollar" can most likely go overseas....

Kinda sad... sensitive really....I think of my vehicles as having had "family" adventures when I trade them in..there is some emotional attachment.

And my new one(not under this program) hit and severely injured a cat (shot out into the road) in the first week!! ...More than you want to know, so off subject!

[RedhairRedhair]

They only made 2 red ones.

[okie01]

And consumers would be able to receive a $3,500-$4,500 discount from car dealerships when they trade in their old vehicles and purchase a new one.

Hmmmmmmmmmmmmmmmmmmm. Let's see. $1 billion divided by, say, $4,000..........that's 250,000 units! In one week!

You FReepers in the car business. Is that possible?

Or is this one of those government programs where it's costing $10,000 to give away $4,000?

[mojo114]

You are so correct that the Government can’t get it right on Cash for Clunkers they can’t get it right on something so complex as Healthcare for All.
Wow isn’t the timing great for this to fail.
Now we have something else to point out to our Congresscritters to vote no for National anything!

[fight_truth_decay]

where is the other $902 million dollars?

"(pending) obligations"

[fight_truth_decay]

In the Queens borough of New York, Paragon Honda already hauled away nearly 60 clunkers to a junkyard before it found the rules require them to be disabled on the auto lot. Now they have to be brought back, have their engines destroyed and hauled back..... "Killing cars is not something that I'm used to doing," says Brian Benstock, the dealership's general manager

[fight_truth_decay]

Was said that the program came buried in so much bureaucracy and paperwork that some dealers gave up on it despite the amazing business it drummed up.

[ncfool]

She is against the Coca Cola tax

[31R1O]

Not to mention the energy and pollution created from the ore pit to the showroom floor. Next time you hear a greenie talk about the benefits of hybrids, mention this and watch their head explode.

[catfish1957]

We just brought home a new car using our clunker.

Congratulations, and happy for you. Now the punk president has to deal with a horde of unhappy taxpayers who didn't get their piece of the pie.

The PR mishaps keep piling up. I am 75% sure the punk will be dumped in 2012 now.

[mojo114]

Scam yes. The clunkers may be sent overseas.
Heard on some radio show, may be Rush, that a guy had a car that wasn’t working. The salesperson said it had to be working. Why? Because they were shipping overseas.

[GOPJ]

Lots of dealers are going to get screwed - sold cars and “killed cars” and now they're not going to be reimbursed...

And I'd sure like to know where the billions went - who wants to bet cities with large ACORN groups got the money...

[MadelineZapeezda]

I traded my dodge ram V8 conversion van on July 2nd. Some dealerships started early. I bought a Toyota RAV. Got 4500 on the van. I’m sure the foreign cars will do better cause they get the most mpg. I would have kept the van but the AC had been broke for several years. It’s in a graveyard in Ohio....RIP my old ‘Beast’