Obama administration’s ambitious ‘Cash for Clunkers’ federal rebate program was so overwhelming that they had initiated more funding for the program.
Flip The post over and get the factual evidence from both side……
It wasn’t just the fact that the program ran out of money to buy back junk cars in exchange for gas efficient ones in only 3 days — The cash ran out because there was a woeful lack of planning, budgeting and strategizing on the part of the administration.
Once again we get excuses from the White House as to why their bills or programs work but aren’t fully planned for an overwhelming market.
The Obama administration is attempting to use the fact that the program was popular with consumers as evidence that it was a “success,” but that only serves as evidence of government incompetence. Unfortunately for Obama & Company, many people are aware that sometimes “too successful” is far more expensive than “didn’t work at all.”
Here is a letter written to SandraRose that shows the Cash For Clunkers was a success:
D. Davis writes:
Hello Sandra,
I just read your post about the Cash for Clunkers being a failure. I am a Car Salesman and I would have to say that you are wrong about it being a failure. This program was a great success. We went from selling normally 30 cars during the weekend to selling 86 cars in 2 days. We have surpassed the number of vehicles that we thought we were going to sale.
The reason the government pulled out last night wasn’t because it was poorly ran, it was because they have poor computer systems. Dealerships were supposed to start submitting for reimbursement on Monday, but dealerships were so scared that they were going to get stiffed out of their money they flooded the system and the systems have been crashing all week. Last night they had no clue how many deals were pending because the systems kept crashing, so they actually put a halt until they caught up.
And trust me the government knows what they are doing, because they might spend 1 billion dollars but they’ll make all of that back, because if a dealership screws up one little piece of paperwork, they are getting fined 15k per screw up. So at the end of the day, the gov’t probably won’t spend anywhere near a billion dollars.
August 10, 2009 at 06:51 +00:00Aug
Many cars aren’t eligible to participate in C4C because os all its requirements. If that’s your case, you can get a tax deduction if you donate your car to charity. Your car donation will also help a needy charity. http://www.cars4charities.org