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"Cash for Clunkers" came to a screeching halt Thursday, after only six days

 
BRIEF AND TO THE POINT
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07/31/2009 09:54 AM
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"Cash for Clunkers" came to a screeching halt Thursday, after only six days
[link to wcbstv.com]

How will they handle health care?

Government Suspends 'Clunkers' Program
At Current Rate, Giving Out $3,500 Or $4,500 Per Vehicle Would Burn Through $1 Billion Allocated In No Time
NYC Car Dealers: How Could Obama Administration Mess This Up? Reporting
Lou Young NEW YORK (CBS) ― Click to enlarge1 of 1
Drivers were dumping their old cars in exchange for up to $4,500, as part of the federal Cash for Clunkers program.
CBS


"Cash for Clunkers" came to a screeching halt Thursday, after only six days on the road.

In a shocker, the government announced it would suspend the program at midnight because demand was too great.

It may have been the best $1 billion the government has spent so far this year.

Business was humming at Crestmont Toyota/Volkswagen Thursday night as salespeople rushed back to work on news that the government's "Cash for Clunkers" program was being suspended.

It's the deal where you get up to $4,500 for your older low mileage beast if you buy a new car with more efficient fuel consumption.

On Thursday night we learned the program was only good until midnight, all because of a backlog of red tape. So the salespeople were trying to get their deals through the government's Web site.

"People are loving it. It's wonderful. It's a great stimulus package," salesman Andy Beloff said.

But when asked if the government was running the program well, Beloff said, "No. No."

The dealership's lot had roughly 40 clunkers waiting to be shipped to the junkyard. Each one has already been replaced by a brand new lower mileage car. The program only started last Friday. It's a victim of its own success.

But the money may be running out faster than anyone imagined.

With almost 23,000 deals already processed and tens of thousands more in the pipeline, it's possible the $1 billion allocated for the program might have already run out and into the pockets of people like Christie Acosta, who knew a good deal when she saw one.

"I had a 1987 Ford Explorer. We had it for a while and I was ready to get rid of it," Acosta said.

For the economy it's good news, but the government's miscalculation has some a little nervous.

"These are just the deals we have to submit tonight," Crestmont president Bill Strauss said while holding a stack of papers. He said the dealership has over $100,000 on the table.

"If they can't administer a program like this, I'd be a little concerned about my health insurance," car salesman Rob Bojaryn said.

The "Clunkers" program was being administered by the National Highway Safety Administration, which has seemed overwhelmed from the get-go. Some in Congress are expected to push for expansion of the $1 billion budget on Friday.

If you have a "Clunkers" deal in the works, don't worry. The government said Thursday any transactions already made between dealers and consumers will be honored.
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
TX PATRIOT

User ID: 738577
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07/31/2009 10:00 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
"If they can't administer a program like this, I'd be a little concerned about my health insurance," car salesman Rob Bojaryn said.

 Quoting: BRIEF AND TO THE POINT


LOL That is exactly my sentiment regarding gov health care. There is not one gov agency or program that is successful and/or efficiently run. Why in the hell should anyone trust these same bureaucrats with their health, ffs?!

.
BRIEF AND TO THE POINT (OP)

User ID: 381742
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07/31/2009 10:06 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
"If they can't administer a program like this, I'd be a little concerned about my health insurance," car salesman Rob Bojaryn said.



LOL That is exactly my sentiment regarding gov health care. There is not one gov agency or program that is successful and/or efficiently run. Why in the hell should anyone trust these same bureaucrats with their health, ffs?!

.
 Quoting: TX PATRIOT


Just look at all the people that come to the US to get treatment because socialized health care in their country sucks.

Two year wait to get surgery that is urgent. People die before they can even see a doctor. No one is denied care in the US the way it is now. If you go to the ER you get treated before they ask for money.
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
Anonymous Coward
User ID: 721556
United States
07/31/2009 10:15 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Allow me to link my thread about my experience with the program. We finally got our car, but it took the state 2 days to send a simple fax.
Anonymous Coward
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07/31/2009 10:15 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Allow me to link my thread about my experience with the program. We finally got our car, but it took the state 2 days to send a simple fax.
 Quoting: Anonymous Coward 721556

Here's the link
Thread: My Experience With Cash For Clunkers
BRIEF AND TO THE POINT (OP)

User ID: 381742
United States
07/31/2009 10:19 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Allow me to link my thread about my experience with the program. We finally got our car, but it took the state 2 days to send a simple fax.

Here's the link
Thread: My Experience With Cash For Clunkers
 Quoting: Anonymous Coward 721556


Yeah read that the other day. Just think of what will happen when the budget runs out for your heart surgery or cancer treatment.

or, yes you're approved but the wait is 3 years so good luck.
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
Dexter
User ID: 150864
United States
07/31/2009 10:24 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Am I a math retard or is something not right here. 4.5K X 23k is like 103,500,000. Where did the other 900,000,000 go if 1,000,000,000 was dedicated to this?
Anonymous Coward
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07/31/2009 10:31 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Alternative to CFC

Buy a lightly used car with 9 to 15,000 miles on it. There are many out there right now. That will drop your price equivalent to CFC. If your clunker is worth very little, trade it in ... If it is worth 3000 or more, sell it and make your payments for the next 5 to 10 months.

Negotiate a good price by using Edmunds TMV ( true market value) and walk in with papers in hand. Do not let them sell or over sell you warranty or service package at point of sale. Say no.

Now you have a deal as good as cfc
~BriZz~

User ID: 673574
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07/31/2009 10:31 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Am I a math retard or is something not right here. 4.5K X 23k is like 103,500,000. Where did the other 900,000,000 go if 1,000,000,000 was dedicated to this?
 Quoting: Dexter 150864



yea im really lost on this one
"I'm just like you...just not as cool"


fight my brute! [link to brizznitch.mybrute.com]
Anonymous Coward
User ID: 621620
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07/31/2009 10:32 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Am I a math retard or is something not right here. 4.5K X 23k is like 103,500,000. Where did the other 900,000,000 go if 1,000,000,000 was dedicated to this?
 Quoting: Dexter 150864


I thought the same thing myself!

Either there never WAS 1 bil for the program, OR we have become so accustomed to whatever person in DC tells us is the way it is, OR there was1 bil for it, and some "czar" has the 900 million in his pocket now.

FRAUD!
Dexter
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07/31/2009 10:37 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Nope I'm not a math retard..., unless windows calculator is also retarded.

1,000,000,000 / 4,500 (keeping in mind this is the max value) =222,222.22(the 2 keeps going here), which is how many "cash ins" it would take to bankrupt this fund.

23,000 processed with "tens of thousands" pending.

Since there are around 200,000 transactions possible, lets subtract a couple "tens of thousands"...nah lets take a few, and call our untapped pot a nice round 170,000 transactions (at max value) that should still be able to be made. How much money should be left in the pot?

765,000,000 (That's Seven Hundred Sixty Five MILLION)

Now keep in mind you can bet your ass that only a small percentage of the 23,000 transactions got the 4.5 k...

That's right America, we just got bent over...again...
BRIEF AND TO THE POINT (OP)

User ID: 381742
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07/31/2009 10:37 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Am I a math retard or is something not right here. 4.5K X 23k is like 103,500,000. Where did the other 900,000,000 go if 1,000,000,000 was dedicated to this?


I thought the same thing myself!

Either there never WAS 1 bil for the program, OR we have become so accustomed to whatever person in DC tells us is the way it is, OR there was1 bil for it, and some "czar" has the 900 million in his pocket now.

FRAUD!
 Quoting: Anonymous Coward 621620


"With almost 23,000 deals already processed and tens of thousands more in the pipeline"

They probably spent a ton on advertising and set up a special committee to run the program.
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
Lectra

User ID: 738689
United States
07/31/2009 10:37 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Amazing
Anonymous Coward
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07/31/2009 10:38 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
I have noticed that your average liberal is generally math impaired for some reason.
Anonymous Coward
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07/31/2009 10:39 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
One article I read said 1/2 of the money would go toward administrative overhead. 50%! If private industry was that inefficient we would be sunk. So there went $500 million. Then there is a backlog of purchases the dealers have not gotten into the system. My dealer said it was hard to process with the feds. So they are estimating that when the dust settles the cash will be used up.
BRIEF AND TO THE POINT (OP)

User ID: 381742
United States
07/31/2009 10:42 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
I have noticed that your average liberal is generally math impaired for some reason.
 Quoting: Anonymous Coward 617593


Well,it's someone Else's money so why should they give a flying fuck. Ask a welfare rat if they give a shit about living on hard working tax payer's money. They'll just laugh at you,or attack you.
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
Anonymous Coward
User ID: 738335
United States
07/31/2009 11:00 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
One article I read said 1/2 of the money would go toward administrative overhead. 50%! If private industry was that inefficient we would be sunk. So there went $500 million. Then there is a backlog of purchases the dealers have not gotten into the system. My dealer said it was hard to process with the feds. So they are estimating that when the dust settles the cash will be used up.
 Quoting: Anonymous Coward 721556

I saw that also. The Banksters must get their cut! I guess the TRILLIONS previously spent on them was not enough...
Anonymous Coward
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07/31/2009 11:06 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Anonymous Coward
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07/31/2009 11:08 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Ooooo... I have an idea!

Let's have more gubamint programs like healthcare and gobermant run corporations.

The gubamint is hear to help. Here is your chip...

Will the last moron who voted for the illegal fucking ASSHAT in the Whitehouse please turn out the lights before getting in the cattle car?

Idiots.
Anonymous Coward
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07/31/2009 11:09 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Buying a recycled (used) car trumps any advantage to buying a new car....

until we can buy an EV-2.
Anonymous Coward
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07/31/2009 11:10 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
It would appear the Obama juggernaut is about to meet the wall...
Anonymous Coward
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07/31/2009 11:13 AM
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Re: "Cash for Clunkers" came to a screeching halt Thursday, after only six days
Will the last moron who voted for the illegal fucking ASSHAT in the Whitehouse please turn out the lights before getting in the cattle car?

Idiots.
 Quoting: Anonymous Coward 738663


If you're recruiting here on this site... the same morans that voted for the previous illegal fucking ASSHAT in the Whitehouse will need to turn out the lights before boarding the Republitard train.