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Survey: Car Dealers say Clunkers a Failure as 97% Report Problems, Call for Program to Stop
Car Dealer Review ^ | 8/20/2009 | CDR

Posted on 08/20/2009 7:32:35 AM PDT by wrrock

Survey of 800 Dealers: * 97% of dealers who responded, say the government is not reimbursing fast enough * 13% of dealers have dropped out the program because the government is not reimbursing fast enough and overall concern payment problems * 87% percent of dealers are concerned the money will be exhausted * 3% of CARS program deals have been reimbursed * 66% of dealers have not received one payment from the government

Full survey results:

(Excerpt) Read more at cardealerreviews.org ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: 111th; bhodot; clunker; clunkers; dealerships; economy; government; miserablefailure; obamaism; socialism
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To: AFPhys
As of yesterday, the stories released are that the $3 Billion IS exhausted! Most of those dealers are now deep in debt and having to carry a loan because customers drove new cars away and the dealers have not been paid by the Feds. Wonderful program to help out business.

I must be missing something here. $3B is already used up, but only 3% of dealers have been paid? Does this mean that the government now owes dealers a trillion dollars (3% of a trillion is $3 billion)?
81 posted on 08/20/2009 1:56:07 PM PDT by CottonBall
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To: wrrock

ozero to the car dealers: The check is in the mail. We won. Change.


82 posted on 08/20/2009 2:02:47 PM PDT by Texas resident ( Boys and Girls, it's us against them.)
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To: sickoflibs
How about house democrats investigating (so far it is a request) health insurance company's executive's pay but not the drug companies pay because the second cut a deal with Obama to run pro-Obama care commercials and the first opposes a public plan??

The Chicago way includes rewarding corrupt friends and hurting pious/honest enemies. I'll say one thing for Obama and friends - they know how to fight dirty - and this is just the start...

83 posted on 08/20/2009 2:15:56 PM PDT by GOPJ ("Fishy rumors posters" Check 'em out:http://www.freerepublic.com/focus/f-news/2311664/posts)
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To: CottonBall
I must be missing something here. $3B is already used up, but only 3% of dealers have been paid? Does this mean that the government now owes dealers a trillion dollars (3% of a trillion is $3 billion)?

If both facts are accurate, it means that the government has committed itself to paying $3B--minus expenses--worth of rebates, but has only gotten around to paying 3% of that, so it still owes the remaining 97% to dealers.

While I am reluctant to credit this administration with anything, the statement that the program is running out of money while it still has cash in the bank to pay its backlog of bills (in other words, the use of accrual-based accounting) is a departure from the normal Democrat use of cash-based accounting for such things. I don't doubt that the decision to use accrual-based accounting in this scenario is driven by politics more than honesty, but at least the program isn't giving $10B of promises.

84 posted on 08/20/2009 3:59:53 PM PDT by supercat (Barry Soetoro == Bravo Sierra)
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To: stephenjohnbanker
Car dealers had ABSOLUTELY no input in this program

They couldn't decline to participate?

BTW, would there be anything illegal about a dealer obtaining a supply of really crummy worn-out (but still running--barely) engines and swapping them into vehicles before destroying them? What is the labor cost of swapping engines, if the newly-installed engine just has to be capable of surviving a trip around the block?

85 posted on 08/20/2009 4:06:15 PM PDT by supercat (Barry Soetoro == Bravo Sierra)
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To: wrrock

A major point of our American Constitution was to keep the opportunist thieves at bay, but now they are apparently permanently ensconced in a multitude of offices, and collectively ignore the fundamental law of the country. The people are the last resort to rebuke, arrest and punish this den of thieves, and restore liberty and freedom that has over the many years demonstrated the cornucopia of wealth provided for anybody willing to get out of bed in the morning.
Our government is now brazenly stealing wealth from us and our progeny to give trillions of it to well connected, and well healed friends, and billions of it to people too <?> to buy a new car, or too unscrupulous to pay their mortgage bills. Rewarding the wastrels and penalizing productive people among the commoners. A minor crime vs the former.
We as a people cannot let the widely corrupt congress and administration to continue on this course, otherwise our progeny will be under the yoke of constant poverty, infinite regulation, and deprivation. It seems well beyond pitchfork time...


86 posted on 08/20/2009 5:28:07 PM PDT by GregoryFul
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To: wrrock

Quagmire!!!


87 posted on 08/20/2009 5:30:05 PM PDT by golas1964 (It takes an ACORN to raze a village.)
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To: wrrock

Obummer doesn’t give a flying f___ if the dealers get paid, in fact, he prolly just as soon see them go belly up. He hates capitalism.

People are getting new cars, and that’s all he cares about.


88 posted on 08/20/2009 6:13:53 PM PDT by webschooner (First they ignore you, then they laugh at you, then they fight you, then you win -- Mahatma Gandhi)
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To: the invisib1e hand

Cash for Clunkers

3000 government workers to process forms ....

Government oversight

Dealer red-tape / lost time

Vehicle disposal

Dealer fraud

Probably a total of 35% money just on overhead. A preview of Obamacare.


89 posted on 08/20/2009 6:17:31 PM PDT by ColdWater
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To: sickoflibs
The Failed Obama Administration©
90 posted on 08/24/2009 9:26:12 AM PDT by April Lexington (Study the constitution so you know what they are taking away!)
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To: wrrock

I’d like to thank all of you hardworking and honest taxpayers for giving me $4500 for my daughter’s 1996 Ford Explorer which MIGHT have been worth $1750.


91 posted on 08/24/2009 9:28:05 AM PDT by EyeGuy
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To: EyeGuy; Uncle Miltie

Don’t worry, Uncle Miltie and I will get you back when Zero instutes Cash for Couches and Cash for Barcaloungers.

http://www.freerepublic.com/focus/news/2323184/posts?page=37#37

http://www.freerepublic.com/focus/news/2323184/posts?page=49#49


92 posted on 08/24/2009 9:30:54 AM PDT by Sparko (December 7: National Day of Thanks for Birth of Obama - possibly in Hawaii, Kenya, maybe Canada)
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