NEW YORK (CNNMoney.com) – Cash for Clunkers is just about at the end of the road.
The government-funded rebate program, popular with consumers, comes to its official completion on Monday.
Dealers have until 8 p.m. to file claims for any deals. The government will not extend the deadline for filing claims, the Department of
Transportation said Monday morning.
The U.S. Department of Transportation had received 625,000 applications from dealers for Cash for Clunkers vouchers totaling $2.58 billion as of Monday morning, the DOT said.
so, we just paid billions of dollars to help foreign dealers sell cars? while we took used cars off the road which are vitally needed by middle class and poorer people?
So being green is throwing out stuff INSTEAD of re-using it?? This Obama administration is a disgrace to common sense. Let's just keep flushing money down the toilet, we are only going to 10 trillion on debt!
Can we turn in the clunkers we call our elected officials for some more efficient models?
This program was terribly mismanaged, not enough people to process the claims, can't speak to anyone by phone to figure out why claims aren't accepted, payments to dealers were supposed to be made in ten days but the dealers aren't getting paid yet.
I could have bought a new Dodge pickup truck cheaper before the program started than using the program, before the program local dealers were offering $14,500 off sticker price, when the clunkers program started they dropped that to $9,000.
That's what happens when people elect an community organizer instead of someone familiar with business.
What a great program to toss a few more billion into the black hole of the bankrupt auto industry! What a waste.
And only 20% of the new cars sold under this $multi-billion plan are American brands. Without the understanding, backing and support of the American people our economy is doomed. More should have been done to inform the American buying public of the intent of the stimulation program. Even the non-American brands built in the USA don't recycle as much money in the USA financial system as do the American brands. The idea was to save GM, not Subaru, Chrysler, not Volkswagon. the stocks of foriegn parts manfacturer Navistar went up nearly 1500%. What happened to AC Delco? Are they still employing anyone? What idiots we Americans are.
Another wasteful program. Basically this was supposed to be another bailout of the unions who now run the auto industry but it will hurt them in the long run as more consumers continue to buy foreign cars. Even worse, most of the clunkers that got traded in were cars that the US auto manufacturers would be selling consumers parts for as the cars are at the right age where they are starting to need big repairs but consumers are still willing to pay to fix them. Just another example of why the government needs to stop meddling in private industry...
The sad thing is, the Democrats are touting this as having been a good program for managing our country's resources! That's pitiful on so many different levels...
What's next?? How about 50,000 for everyone to purchase a home, yeah that'll help the housing market and realtors.................nobody cares that the tax payers are footing the bill for all this government waste!
The union workers give away is about over. Now lets help retail and other service industry. Why stop there Obama. Or is it just unions and Michigan you are worried about in the next election for President?
May God have mercy on each one of us !
"We're from the government and we're here to help". Now you know you going to get bent over.
My neighbor is a sales manager at a Nissan dealership. They have gotten re-imbursed on less than 5% of their cars sold on CFC. Not only are they waiting for payment from the Feds, but they have to pay interest on the money lent out on behalf of the the US gub'ment until they get paid.
And people want this group of azz clowns in charge of their health?
Can we trade in Flush Limbaugh and Joe the Plunger? HMMM doubt that they would fetch much!
We just spent billions of daollars putting Americans back to work and keeping Americans working. Car dealerships and automotive suppliers have been had hit. With inventories down American assembly plants are putting production workers back to work and automotive suppliers are getting orders for parts putting their people back to work. What does this mean, wellit means that dollars are being spent by these folks in American stores generating sales generating jobs.
Last time I checked American dealers employeed American in American cities and town. They support the local economy. Some cars are manufactured overseas, however the vast majority of cars sold in this country and assembled here in them there foreign plants that are set up in American cities. Get over it, while a few more could have been used in processing the cluncker paper work this has proven to be one of the most successful stimulus plans in the past 50 years.
Some people are never satisfied.
By the way you want the American economy to get a jump start and use good old fashion buissness pratices to do it, then start buying American, that is if you can find a fine American buisness man that hires Americans in America and makes American made products for sale in America other than the Auto industry.
Everything the Obama administration does is a Hand out for the less fortunate at everyone elses expense. No need to work hard to get ahead when everything will be handed to you!
Thank god! I am tied of seeing people with money get a new ride on my tax dollars while I drive a piece of crap. I can't afford a new vwhicle, even with 4500.00 of someone elses money!
Think of it, "Clash for Clunkers" did not last, so how long the expensive "Health Care Reform" will last, or even Obama's presidency?
Can't wait to to see the auto sales report for September.
This really was a very simple program – just pay $4,500 per car. If the gov't can't even handle this administratively without all the bungles that have been reported (blame it on the media???), imagine how they'll screw up health care when lives really are on the line.
Wow, what a great idea, now wait for your check! It is almost as good as Bawney Fwank's idea to spend the "profits" made on the TARP funds to give "loans" to people out of work to pay for their mortgages... On what planet does he spend most of his time and our money on? Talking to him is like talking to a vaccuum machine full of rocks. When will liberal Democrats ever figure out that America is broke and that middle class America now refuses to pay for their bailouts and free tax dollar handouts. Obama has obligated America for over 26 trillion in funds, that is not counting our deficit. The writing is on the wall but the Liberals refuse to read or believe it, the end result is going to be that everything that is now funded for those poor and financially oppressed Americans will soon dry up. Simply due to budget cuts that will be resultant of a bankrupted country due to the inability of the National Democratic liberal left.
Oh yeah, it was the Bush wars that did it all!
Thank God it is over, sick of my money going to pay unions thugs. Another program put in place by children who dont have a clue how to run a business. People want buy GM after Obama stole billions of our hard earned money and gave to a bunch of screw turning neanderthals!
i listen to a lot of conservative talk radio. it seems to me that only part of what is said on conservative radio about cash for clunkers is accurate. for example, rush limbaugh portrays the program as some kind of welfare/buy-off program for the middle class.
i see it more like this: it was an ill-guided effort to getting the national economy going, but there's a big problem with using taxpayer money to purchase transportation for private citizens. a much better use of taxpayer money would have been to pour billions of more dollars into local and regional transportation networks around the united states – that alone would have taken millions of commuter vehicles off the road every day. so, i have to say that this program really wasn't about protecting the environment at all: it was about juicing up the sales figures of the auto dealers. what a shame.
The program was a success. The president is doing a good job.
How many people who outright owned their "clunker" are now stuck for a loan for the new car. If these same people lose their jobs and can't pay back the finance companies, we will see all these new cars repo'd.
I am sure President F.D. Roosevelt heard the same things when he was trying to help the people of the United States. Here, I’ll paraphrase: “Blah blah, doesn’t work”, “Yadda Yadda costs too much”, “bleh bleh is a communist”, and “blah blah meddling in private industry.” Mr. Roosevelt got my family back up and working again helping build the roads of Shenandoah National Park. He also put other extended members to work building planes and tanks to fight Nazis in Germany and building dams in Tennessee. The naysayers are all dead but Mr. Roosevelt is long remembered as a great leader in our history. No offense to those that say “no”, but I’ll bet on Obama.