The Clunker Results From Cash For Clunkers

18 08 2009

Congress just sank another $2 BILLION into Cash for Clunkers before they ran for recess, and before it can be spent there is some serious fallout from the $1 billion-already-spent  “popular” program.

Charities that depend on car donations have suffered from the day the program began this summer. Read here.

And dealers that have sold new cars are not getting their rebate money. Via Hot Air, a Pennsylvania congressman is reporting fewer than 2% of dealers have received their rebates – the rest reporting paperwork returned for various administrative errors. The money that has been “spent” is no where to be found – at least it is not in the dealer’s hands – the dealer’s who have sold cars with the intention of getting their rebate money.

And the cars that are being bought are foreign. Toyota is the most popular, with 18.9% of cars sold – the majority. The next closest is GM at 17.6%

Maybe what they need is a multi-million dollar website, like recovery.gov, to help keep track of their program. Or maybe they can run it like the Post Office.

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Where’s My Cash for Tube?

5 08 2009

I have a broken TV. Kinda like a broken car that can be traded in with Obama’s Cash for Clunkers program. If you tow your old broken car in to a dealer – well last week when they had money for this program – you got $4,500 for a new car. It is government money we are going into debt for to take your junk and give you a neat discount on something new. Car dealers love it because they are moving stale inventory. Tax payers hate it- according Rasmussen Reports – because they know they are going into debt to discount their neighbor’s new car.

So my TV – I want a new one. I want the government to give me a Cash for Tube program. Where’s my check for a new TV so I can give  them this old one and get a new one? They already extended the digital conversion to be able to give out more government funded digital box coupons…why not go the distance and upgrade everyone’s TV?

That might be difficult for the Obama administration to manage – since they didn’t manage the Cash for Clunker program very well either…