And some people think these idiots can run health care?
What a freaking JOKE!!
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.
I wonder if any of these marks - oops, I mean "dealers" took in more than 12 clunkers...
Being shipped overseas to his cousin Raila Odinga who will use them in Kenya.
Raila controls the auto market in Kenya and send it back to Hussein in the form of cash to Obama’s 2012 campaign.
Allowing Democrats run of the White House and Capitol Hill is a guaranteed plan for massive gov spending, corruption and mismanagement.
Whoa, that's gonna leave a mark.
And tell us, Candy, what metric do you use to call that a complete success? That they ripped through a billion dollars? They only started registering dealers last Friday, right? The metrics can't possibly be in yet and you have no clue if the money aided Detroit or Tokyo.
Epic Government Fail.
if they can spend 1 billion dollars in 4 days on cars. Just think of how fast they can spend 1 Trillion dollars on Health Care!
You have blood or antifreeze on your hands.
I heard there are about 20,000 dealerships offering this program, so after selling 12.5 cars each, they have reached their limit. I think some dealers are going to eat some big losses.
Rep. Pete Hoekstra wrote on his facebook a few hours ago that he got word that the program indeed sold over 200,000 cars in under a week.
Per Drudge the program did ~$98 million which divided by an average of $4K per vehicle would result in trade-in's of 24,500 vehicles.
FNC did a thing, went to where they were mashing cars. They take off the tires,pull out the engine. They pour something on the engine to make sure they will never work again. crush the bodies. No exceptions.
This is what Rep. Pete Hoekstra (R-MI) posted on Facebook and Twitter a few hours ago.
“Cash for clunkers appears to have generated sales of over 200000 in less than 1 week. There are questions on program but overall positive.”
I hate to say that Republican Hoekstra was giddy about it too tonight.
Well if they really did take 200,500 + cars, and only sent out enough money for 24,500 cars, then we have a big mess on our hands.
Once again charities and the poor get screwed by liberals.
And some people think these idiots can run health care?
What a freaking JOKE!!
What’s going to happen next will be worse than what it was supposed to help.
So they’ve suspended the program after a week. What happens next? NOBODY will buy a car until they start the program back up again. Knowing congress that could take awhile.
From the Drudge linked article:
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.
I got 4500 for a 94 Suburban last night. Got a Prius for my long distance drives. I may have been one of the last trades made according to the dealer at 10 PM.
This is what government does. It takes money from some people and gives it to others for no good reason.
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