Administration plans to wind down clunkers program (On to their next big "Success"!)

AP on Yahoo ^ | 8/20/09 | Ken Thomas and Dan Strumpf - ap

[NormsRevenge]

WASHINGTON – The Obama administration is developing plans to wind down the popular Cash for Clunkers program and could announce by Friday when the incentives will no longer be available.

Transportation Secretary Ray LaHood said Wednesday the department would announce within 48 hours how it intends to discontinue the program ..

Through early Wednesday, auto dealers have made deals worth $1.81 billion and are on pace to exhaust the program's $3 billion in funds in early September. The incentives have generated more than 435,000 vehicle sales but dealers want a clear plan on when the rebates will no longer be available ..

[RushIsMyTeddyBear]

“Wind down”, huh? *rolls eyes*

[Uncle George]

In the meantime used cars are over 30% overpriced due to the destruction of the used cars the average Joe 6pak can afford. Great help Obama, for us poor folk.

[Redleg Duke]

Well, for the government, is has been a big success. They convinced a bunch of dealers to give $4500 discounts to customers and so far, the government has paid nearly zip to them in return.

All they have done is increased auto sales while screwing the dealerships!

[kellynla]

with 80% of the vehicles purchased being foreign ...
all we're doing is subsidizing, with American taxpayers' hard-earned dollars, foreign companies, foreign countries & foreigners ...more brilliance from the geniuses in D.C.

11/2010 & 11/2012 won't come soon enough for me!!!

[scottdeus12]

And these jerks want to run our Healthcare.

God help us. Seriously.

[Oberon]

I heard on the news last week that GM had just recalled several thousand laid-off employees and was ramping up production to meet demand caused by the cash-for-clunkers program.

Oh well... sorry GM!

[Maceman]

the popular Cash for Clunkers program

If it's so damn popular, why are the winding it down?

It sure doesn't seem to be popular with the auto dealers who have gotten stiffed for payment.

[SMARTY]

“Success?”

Ha! Just wait till “O” hands us his first state of the union speech. This howling lie (along with all the rest) will be polished to a blinding veneer and held up for wholesale praise!!! Ughh.

[torchthemummy]

...but dealers want a clear plan on when the rebates will no longer be available...

How about dealers want to know when they will get reimbursed?

[paulycy]

zer0 and the left are using the same approach to Cash for Clunkers as they are towards our national healthcare system:

“It works! It’s popular! Kill it! Kill it!”

[4Speed]

How can you wind something DOWN that never got UP off the ground ?

[rod1]

They are racing to close it down before the dealers do it for them.

[colorado tanker]

How do they wind down a program they still haven't wound up???

Can anybody tell this is a government run program???