Shocker: Federal Government to Suspend “Cash for Clunkers” Program
Political Cartoon by Michael Ramirez
Congressional officials say the government plans to suspend the popular “cash for clunkers” program amid concerns it could quickly use up the $1 billion in rebates for new car purchases.
The Transportation Department called congressional offices late Thursday to alert them to the decision to halt the program, which offered owners of old cars and trucks $3,500 or $4,500 toward a new, more fuel-efficient vehicle.
The congressional officials spoke on condition of anonymity because they were not authorized to speak publicly.
Through late Wednesday, 22,782 vehicles had been purchased through the program and nearly $96 million had been spent. But dealers raised concerns of large backlogs in the system, prompting the suspension.
And, President Obama wants to have the government run the health care industry?
What a joke…..
Technorati Tags: Barack Obama, Cash for Clunkers, Obamacare
2 Comments
Shocker stickers
This isn’t a shocker – the government is the real clunker here, since it was a dumb idea to begin with. They should stick to wasting money on other things besides cars.
low car insurance for young drivers
Lets see how many cars will be repoed with the next 2 yrs.