CARS Troubles

Written by Robert Rhodes on Thursday, July 30, 2009 in: Obama Administration, Politics, Taxes, socialism |

Here I sit, watching an episode of CSI. A commercial for Ford, advertising the Cars for Clunkers program(CARS – Car Allowance Rebate System) just showed up.

Except, not everything is warm and fuzzy in Obamatown.

WASHINGTON (AP) – 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.

My understanding is that the CARS program is to be suspended tonight (July 30) at midnight.

Of course, I’m still seeing dealer ads for taking advantage of CARS.

Ruh-roh, Elroy.

RLR

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