Aug 21, 2009

Clunker program ends Monday after bumpy ride

CNN Money reports:

With money running out, the $3 billion Cash for Clunkers program will end on Monday. The tally so far: 457,000 cars and $1.9 billion in rebates.

Dealers must submit any pending Clunker deals, including any necessary paperwork, by 8 p.m. ET Monday.

The Clunker program has been a fiasco from the start.

The Obama administration changed the ground rules the day before the program began nullifying many deals between car buyers and car dealers because of the last minute changes.

Many car dealers opted out of the program in disgust as reported here.

With negative stories about the Clunker program swirling around him, Transportation Secretary Ray LaHood had the audacity to say:

"It's been a thrill to be part of the best economic news story in America," said Transportation Secretary Ray LaHood. "Now we are working toward an orderly wind down of this very popular program."

If the main stream media in this country reported political news factually, and without omitting news not favorable to the president, the Obama administration would be a laughingstock.

Link to the CNN Money clunker story here.

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