Oh, this is nothing , before these red sons of bitches are done destroying the economy we will be just like Husseins buddies over in Zimbabwe
Posted on 07/30/2009 6:09:39 PM PDT by fight_truth_decay
The Obama administration is telling lawmakers that its much-touted "cash-for-clunkers" program is already running out of money and will be suspended Thursday night, according to three Senate aides familiar with the discussions.
The program — aimed at giving at boost to the U.S. auto industry — was supposed to expire at the end of October. But in the one week since it took effect, it appears to have run dry of the $1 billion allocated to it, aides said Thursday.
The White House will need to decide whether to push for more money at a time when it's also pushing an ambitious and expensive domestic agenda — or let the program fade after it was touted as a way to help Detroit while improving the environment.
One Michigan Republican, Congresswoman Candice Miller, has already come out in favor of extending the program, saying in a statement that “There can be no doubt that the Cash for Clunkers program is a complete success given the fact that the entire $1 billion allocated to the program was expended in less than a week."
She called the program "simply the most stimulative $1 billion the federal government has spent during the entire economic downturn."
Sen. Chuck Schumer (D-NY) also called the program a victim of its own success in a statement issued Thursday night: "This was a very successful program, maybe even too successful. The program should continue, but perhaps with a tune-up so that we get the most stimulus, conservation and efficiency for the buck."
White House aides were not immediately available for comment. The National Highway Traffic Safety Administration administers the program, but no one was available for comment Thursday evening.
Last Friday, registration began for dealers who wanted to participate in the program, which is intended to encourage consumers to trade in their old cars for a credit program to purchase new fuel efficient cars. Under the rules that went into effect last week, the purchased vehicles must be 2008, 2009 or 2010 models, and the vehicles must be purchased between July and November to qualify. 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.
Evidently some of the “credit” the auto dealers gave they may not get back from the gov’t. because the cars didn’t meet the “standard” of a clunker.
I was also ready today that those who applied for the first time home buyers tax credit this year (by amending their tax return...which was evidently what the gov’t was suggesting) have had a long wait for their tax credit. Some have waited months w/out seeing the $$$.
...the beauty part of this is that it will hurt Obama-care....people figure this fiasco is a glimpse of what government run health care will be.
The jackasses killed my baby.
They should rename it the Shovel Ready Cash for Clunkers program.
So...the industry sold over 200,000 vehicles in a week? And, they all qualified for the full $4500 clunker payment?
Bull Puckey!
A billion dollars, divided by $4500 per ‘clunker’ comes out to 222,222 vehicles; that’s an annualized rate of 11.5 million vehicles. So, shouldn’t we be hearing about this amazing success from someone, anyone in the MSM?
Don't put him under yet, we're waiting for the Post Office to deliver the Surgery Approval paperwork.
Oh, this is nothing , before these red sons of bitches are done destroying the economy we will be just like Husseins buddies over in Zimbabwe
Cash for Clunkers will be back.
It’ll be known as “Cents for Seniors” health care program.
If only 22782 where traded in, why are they out of money?
So just “vote” for more cash and it will be done right? I hate liberals.
They had better lay in extra tar and feathers when they come for her fat red rear.
Supposedly dealers take in the clunkers, fix them up and ship them overseas. Net help to the environment=zero. Making liberals feel good=priceless.
DOT could not be reached for comment Thursday night.
Wood said dealers were amazed at how many shoppers visited their showrooms this week. The program has been in effect since July 1, but the details were finalized only a week ago.
thanks Rome2000!! those are really GREAT photos.
The Saturn has a little less power but that old Camaro - well she left a huge carbon footprint.
I feel like a fag in my new car.
” One Michigan Republican, Congresswoman Candice Miller, has already come out in favor of extending the program, saying in a statement that “There can be no doubt that the Cash for Clunkers program is a complete success given the fact that the entire $1 billion allocated to the program was expended in less than a week.” “
So the criterion for success is how fast you can make a billion dollars disappear into thin air? And she’s a RePUBlican???????????
Time for a new Party, folks.
This one’s O-ver.
Our local news proudly reported that the feds paid owners $98 million getting old cars off the road.
They budgeted $1 billion.
I can do math as well as the next guy, where is the other $902 million dollars?
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