Govt to suspend ‘cash for clunkers’
Monti Says: Sorry Loki. I know you were looking forward to this one when you posted it a few weeks back. So much for relying on a government program, huh?
Associated Press
July 30, 2009
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.
Never count on the government to do anything except to raise your taxes! This is another Obamanation fiasco. What a joke!
Not so fast now, Monti. Check latest post on this. It’s BAAAAACK!!
Sure. They’re gonna tax the rich guys like you to keep the money pipeline flowing! Drill baby drill!
Wish it were true- the rich guy part, that is. But the truth is even us not rich guys are going to pay the piper, I mean the bartender-in-chief, on this one. Add the C for C deal to the deficit along with all the other bailouts and our children, their children and their children’s children will be paying for this ad infinitum. America has mortgaged it’s future!