BREAKING: A Helicopter Carrying Iran's President Has Crashed
Bill Maher's Latest Closing Segment Was Probably His Fairest
Former Ted Cruz Communications Director and CNN Commentator Alice Stewart Has Died
How Trump Reacted to a Dysfunctional Podium in Minnesota
Washington Is High School With Paychecks
A Quick Bible Study Vol. 218: What the Bible Says About Brokenness
Tim Scott Reminds Americans of Joe Biden’s Association With a KKK Member
Here’s What Republicans, Democrats Think of the Trump, Biden Debate
Democrat State Caught Housing Illegal Immigrant Children in Hotels With Sex Offender
Catholic Groups Accuse Biden Admin of Withholding Funds From Hospitals Who Don't Perform...
MSNBC Legal Analyst Thinks Blaming Bob Menendez’s Wife Is a Good Tactic
Russia Warns U.S. Is 'Playing With Fire' in Its Continued Support for Ukraine
Good Teaching Requires the Right Ingredients
Trump Indictments Have Ignited a Juggernaut of a Presidential Campaign
Peru Moves to Treat Bizarre Delusions of Transgender Ideology

"Cash for Clunkers" Running on Empty

"Cash for Clunkers" has come to a screeching halt, after having spent less than one week on the road.

The government announced Thursday that it would suspend the program because they've run out of money, unable to keep up with the demand.

A number of dealers scrambled to the government Web site before midnight last night to try and secure funds for planned car trade-ins.  One dealer, Andy Beloff, said "People are loving it.  It's wonderful.  It's a great stimulus package."  But when asked if the government was managing the program well, he replied, "No. No."

The $1 billion in government funding allotted to the "clunkers" program meant that every dealership in America could trade 12 cars each to break even.  However, Beloff's dealership lot has roughly 40 clunkers now waiting to shipped to the junkyard.  Clearly, someone underestimated the demand here. 

Lawmakers who shepherded the "clunkers" program initiative through Congress are now hoping federal stimulus dollars that have not been spent yet might be diverted into paying out more money to trade clunkers for cars with better fuel economy. 

Quick question: with such a bumble in estimating the demand for a car trade-in program, how many want these same lawmakers to manage our families' health care?  Anyone?

Join the conversation as a VIP Member


Trending on Townhall Videos