Government Suspends ‘Clunkers’ Program

If the government can’t administer this one program well, what makes people think they will be any better with our entire health care system.
CBS | Lou Young | July 31, 2009

NYC Car Dealers: How Could Obama Administration Mess This Up? “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 Each one has already been replaced by a brand new lower mileage car.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.

[…]

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

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