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what do you think do you think of them suspending the cash for clunkers?

Cash for Clunkers' to Be Suspended Friday

WASHINGTON (AP) - The government plans to suspend its popular "cash for clunkers" program amid concerns it could quickly use up the $1 billion in rebates for new car purchases, congressional officials said Thursday.

The Transportation Department called lawmakers' offices to alert them to the decision to suspend the program at midnight Friday. The program offers 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. Rae Tyson, a spokesman for the National Highway Traffic Safety Administration, which administers the program, declined comment.


Asked by hottietottie455 at 8:18 PM on Jul. 30, 2009 in Politics & Current Events

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Answers (15)
  • It is a stupid program. Hell, we can't even afford to go to the DR., but we can afford to get a new car. Bull poop. That was another stupid idea.

    Answer by Anonymous at 8:19 PM on Jul. 30, 2009

  • CONT-Congress last month approved the Car Allowance Rebate System program, known as CARS, to boost auto sales and remove some inefficient cars and trucks from the roads. The program kicked off last Friday and was heavily publicized by car companies and auto dealers.

    Through late Wednesday, 22,782 vehicles had been purchased through the program and nearly $96 million had been spent. But dealers raised concerns about large backlogs in the processing of the deals in the government system, prompting the suspension.

    Answer by hottietottie455 at 8:19 PM on Jul. 30, 2009

  • cont-
    A survey of 2,000 dealers by the National Automobile Dealers Association found about 25,000 deals had not yet approved by NHTSA, or nearly 13 trades per store. It raised concerns that with about 23,000 dealers taking part in the program, auto dealers may already have surpassed the 250,000 vehicle sales funded by the $1 billion program.

    "There's a significant backlog of 'cash for clunkers' deals that make us question how much funding is still available in the program," said Bailey Wood, a spokesman for the dealers association.

    Answer by hottietottie455 at 8:19 PM on Jul. 30, 2009

  • i personally am sick of how they keep tossing all these "idea"s out and they fail.. ehh learn to get something right! i drive a brand new car yet don't have insurance.. can afford the car but my job does NOT have insurance .. wtf is wrong with our country!

    Answer by hottietottie455 at 8:21 PM on Jul. 30, 2009

  • Sounds like it was a bigger hit then expected. How is that a failure? At least 23,000 clunkers taken off the road and 23,000 new cars sold that would never have been sold. Go Obama!

    Answer by Anonymous at 8:24 PM on Jul. 30, 2009

  • Your car had to have an adjusted MPG of 18 or less. My old 95 junker won't qualify. Maybe they will change the program.

    Answer by Anonymous at 8:28 PM on Jul. 30, 2009

  • go obama ::rolls eyes::

    Answer by hottietottie455 at 8:30 PM on Jul. 30, 2009

  • Many people were using junk cars to buy such things as lexus's and the media has been getting wind of it. If they can afford to buy a Lexus they don't need our tax dollars to do it with.

    Answer by Carpy at 8:31 PM on Jul. 30, 2009

  • My husband and I went to a chrysler dealer tonight, just to check out prices. We will be buying a new car in October. There wasn't a salesmen available. We were told they had only 7 cars available. Cash for clunkers was a hugh success. They will have new cars available when chrysler plants re open.

    Answer by Grandmarga at 8:33 PM on Jul. 30, 2009

  • if it was doing so well it wouldn't be getting suspended but thats my thoughts

    Answer by hottietottie455 at 8:34 PM on Jul. 30, 2009