AP sources: Govt to suspend 'cash for clunkers' (highway, solutions, insurance)

[HappyTexan]

Originally Posted by ozzie679

US 'Clunkers' Program Said to Be Out of Money
July 30 (Bloomberg) -- The U.S. government’s $1 billion “cash for clunkers” program to spur new car sales “has been suspended” because it’s running out of money six days after it began, Senator Debbie Stabenow said.

Your article has everyone "declining to comment".

The OP's article has this:

"But dealers raised concerns about large backlogs in the processing of the deals in the government system, prompting the suspension."

They don't know how many cars got sold to qualify..backlog of paperwork !!!

[HappyTexan]

Originally Posted by Ceece

Wasn't this only going to be available only until the money ran out anyway? What's the problem? It looks like it did exactly what they wanted it to do.

Read the OP's article. They don't know how many cars got sold under the program. They may have sold too many but there is too much in the backlog that is not yet processed.

Stuck in government red tape.

[Ceece]

Originally Posted by HappyTexan

Read the OP's article. They don't know how many cars got sold under the program. They may have sold too many but there is too much in the backlog that is not yet processed.

Stuck in government red tape.

Yes. The article stated that they don't know if they have already exceeded the $1Billion earmarked for this or not. If not it should continue. But if they did, it's over right? No harm no foul?

[ozzie679]

Originally Posted by Ceece

Wasn't this only going to be available only until the money ran out anyway? What's the problem? It looks like it did exactly what they wanted it to do.

I thought they were running it through Halloween

[Katarina Witt]

Originally Posted by Sunny-Days90

People who work hard and have been successful do not have or own clunkers!

Oh, good grief! Some people place a higher priority on things other than cars, such as paying for their kids' college educations (or their own).

[cuebald]

Originally Posted by Sunny-Days90

People who work hard and have been successful do not have or own clunkers!

You do know that Randolph Hearst drove a ten-year-old AMC pacer to work (which was a clunker when it was brand new), don't you?

Or that Sam Walton drove a fifteen-year-old pickup truck everywhere he went?

Or that Ronald Reagan's favorite vehicle was a WWII era jeep with springs sticking out of the seat?

Not everyone with money chooses to put it on display, Sunny. Some are still real people after they acquire wealth.

[Sunny-Days-in-Florida]

Originally Posted by cuebald

You do know that Randolph Hearst drove a ten-year-old AMC pacer to work (which was a clunker when it was brand new), don't you?

Or that Sam Walton drove a fifteen-year-old pickup truck everywhere he went?

Or that Ronald Reagan's favorite vehicle was a WWII era jeep with springs sticking out of the seat?

Not everyone with money chooses to put it on display, Sunny. Some are still real people after they acquire wealth.

I understand but some are acting like this will hurt people when it will not hurt anyone at all.

They do not have the extra money to be tossing it around like this.

Sure I do, my Dad still has his 1977 Chevy pickup truck and its still in near mint condition with only 45k miles on it.

[Sunny-Days-in-Florida]

Originally Posted by Katiana

Oh, good grief! Some people place a higher priority on things other than cars, such as paying for their kids' college educations (or their own).

You and team Obama preach college education when we all know there is no jobs available for college grads under the Obama plan.

[bigskydude]

Originally Posted by HappyTexan

It's suspended because of the backlog of government paperwork. It could be months before the government figures out how many applied.

.. heh heh ... just like it'll take months for the government to figure out who needs to be treated under the new healthcare plan ...

[ozzie679]

Originally Posted by Sunny-Days90

People who work hard and have been successful do not have or own clunkers!

You're joking right?