Cash for Clunkers Ending

>> Thursday, August 20, 2009

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Cash for Clunkers Ending. Yes, U.S. Transportation Secretary Ray LaHood said on Thursday that the Cash for Clunkers program will be over on Monday. What's the main reason why it will end on Monday? It's two words: clunky bureaucracy. Car dealers are finding it difficult to get the money the US government has allocated. It can be remembered that in the first two weeks of the program, the $1 billion allocation was immediately depleted.

Here's what U.S. Transportation Secretary Ray LaHood said in a news release:

“This program has been a lifeline to the automobile industry, jump-starting a major sector of the economy and putting people back to work. At the same time, we’ve been able to take old, polluting cars off the road and help consumers purchase fuel efficient vehicles.”


replicajewelry August 20, 2009 at 8:09 PM  

Well, the government seems have done their best, just as the Inside Line says: As a sales motivator, Cash for Clunkers has certainly been good for stimulating car sales. But the government can only do so much to help.
Although the program would end before we expected, and only run for a couple of weeks, it do contribute to the car industry, General Motors is enjoying a recent sales uptick and Chrysler had announced it would increase its production.

jasonbradyut August 21, 2009 at 11:50 AM  

Why can't just those why pay taxes get health b'out that Obama and the rest of the health care reform starters??? NO seriously, this I could be in favor of, but not just letting any old person that comes to America, even the illegal’s to get health care and our taxes go up the roof???? No, sure, I will cont. to fight this...

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