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apropos
07-30-2009, 06:37 PM
AP sources: Govt to suspend 'cash for clunkers'


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.

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.

http://finance.yahoo.com/news/AP-sources-Govt-to-suspend-apf-3529110957.html?x=0&sec=topStories&pos=1&asset=&ccode=

Brought to you by the same folks that want to manage every aspect of your health care!

Kotin
07-30-2009, 06:39 PM
well done, government.

Reason
07-30-2009, 06:43 PM
-_- <--- That's my surprised face.

FrankRep
07-30-2009, 06:53 PM
Does this program hold the record for the fastest epic fail?

free.alive
07-30-2009, 07:06 PM
dead. 1 down, um...

james1906
07-30-2009, 10:47 PM
Does this program hold the record for the fastest epic fail?

For Pontiac Aztek owners who thought the time had come, their epic fail was trumped by the gov't's epic fail.

Pauls' Revere
07-30-2009, 10:57 PM
I wish they would take care of our healthacre..(oh wait)

Pauls' Revere
07-31-2009, 12:09 AM
and we can't even fix bridges which need repair with stimulus money. Instead states are doing easy turn around projects. For F*&^K's sake what hell is wrong with the USA?

http://news.yahoo.com/s/ap/20090731/ap_on_re_us/us_stimulus_bridges

WASHINGTON – Tens of thousands of unsafe or decaying bridges carrying 100 million drivers a day must wait for repairs because states are spending stimulus money on spans that are already in good shape or on easier projects like repaving roads, an Associated Press analysis shows

President Barack Obama urged Congress last winter to pass his $787 billion stimulus package so some of the economic recovery money could be used to rebuild what he called America's "crumbling bridges." Lawmakers said it was a historic chance to chip away at the $65 billion backlog of deficient structures, often neglected until a catastrophe like the Minneapolis bridge that collapsed two years ago this Saturday.

States, however, have other plans. Of the 2,476 bridges scheduled to receive stimulus money so far, nearly half have passed inspections with high marks, according to federal data. Those 1,123 sound bridges received such high inspection ratings that they normally would not qualify for federal bridge money, yet they will share in more than $1.2 billion in stimulus money.

bobbyw24
07-31-2009, 05:39 AM
When is the Gov't gonna end the Bailouts for Banks program?

Vessol
07-31-2009, 07:22 AM
One contributing factor I heard from a close friend of mine in the car buisiness is that Hyundai somehow got all the paperwork a month before hand(from the unions she believes) and have been processing through this program for over a month, sending it all in this Monday and backlogging them.

Doesn't give an excuse though to this miserable failed excuse of a program.

I wish I had over a billion dollars to waste in 4 days.

FrankRep
07-31-2009, 07:35 AM
I wish they would take care of our healthacre..(oh wait)

Yes, and we're going to trust these same guys to run our Health Care.

bobbyw24
07-31-2009, 07:48 AM
http://www.cnbc.com

acptulsa
07-31-2009, 07:50 AM
How much did that jump start cost us?

ronpaulfollower999
07-31-2009, 07:57 AM
Psst...They are suspending it because its been so popular...they are out of money because people USED it!

Krugerrand
07-31-2009, 08:05 AM
My refrigerator is getting old. I think all the taxpayers should help buy me a refrigerator, too. I'll be sure the new one is more efficient than my old one.

My tennis shoes and jeans are getting old, too.