'Cash for clunkers' won't be running much longer, government says

Los Angeles Times ^ | 8/19/09 | Martin Zimmerman

[Nachum]

The Transportation Department says it'll soon announce a plan for winding down the popular but problem-plagued car buyer program.

The government will announce a plan as soon as tomorrow for winding down its popular but problem-plagued "cash for clunkers" program.

The announcement by Transportation Secretary Ray LaHood came as a New York dealership group said that hundreds of its members had stopped doing clunker transactions because of delays in getting reimbursed by the federal government.

[kalee]

I wonder if there is any relationship between rejections and past Repubublican political donations by the dealership owners?

[maine-iac7]

I don't think the confusion was accidental.

I agree

[supercat]

I agree

BTW, what happens if the dealer defaces the title before submitting the claim (as is still required by rule) and the claim comes back denied? Would there be some way for the dealer to regain clean title to the vehicle, or would the dealer be stuck with a vehicle which was physically in okay shape but which was nonetheless totally unmarketable?

[Fresh Wind]

I wonder if we will ever see an accounting of where the billions of dollars went in this fiasco?

Apparently, it hasn’t gone to the dealers who sold the cars. So where did it go?

[Nachum]

I wonder if we will ever see an accounting of where the billions of dollars went in this fiasco?

At about the same time we'll be told where 800 billion of TARP money went...