Barack Obama and the Democratic Keystone Cops House & Senate … Government Suspends Cash for Clunkers as it Runs Out of Money
Cash for Clunkers program hits a bump in the road and runs out of gas as government puts the breaks on program.
What a shock, the government does not know how to run, plan or budget for a program. These are the same people that you would dare trust with your health care? WAKE UP!!!
The Cash for Clunkers plan runs out of money, program suspended after 7 days. 7 DAYS!!!
Can these people do anything right? I can hear VP Joe Biden already saying on the Sunday Talk Shows with regards to the “Cash for Clunkers” program … “We misread how bad the American people wanted to trade in their clunkers for cash. Of course, remember that this is George W. Bush’s fault because these cars were bought during his and his dad’s administration. We inherited these clunkers.”
Can this Democratic White House, Senate and House do anything right? They have managed to screw up a $1 billion program and some how anyone thinks they should be provided any public plan for health care? As reported at USA Today, FIASCO: Suspension of ‘Cash for Clunkers’ program couldn’t come at a worse time. From Michelle Malkin, Cash for clunkers junked…but dealer ads still running, OOPS!
Automakers have ordered millions of dollars in television ads. Dealers had the hot dogs, balloons and full-page Sunday ads in the newspapers ready to pounce on sales opportunities. And it is all in vain: the “Cash for Clunkers” program is on hold.
The Jawa Report simple puts it, Well, Duh. Also provides a great sign that says it all for the Democratically controlled White House, Senate and House. How many thinks must occur for all Americans to wake up and smell the coffee that these people are abject failures?
These people can’t properly run “Cash for Clunkers” yet they are going to run GM? That’s priceless. The government cannot properly calculate a budget for the “Cash for Clunkers” program and these are the same people who want to nationalize health care. This program was supposed to run until October; however, after 7 short days they went bust. As Hot Air states, that is some miscalculation.
The White House said Thursday it was reviewing what has turned out to be a wildly popular “cash for clunkers” program amid concerns the $1 billion budget for rebates for new auto purchases may have been exhausted in only a week.
Transportation Department officials called lawmakers’ offices earlier Thursday to alert them of plans to suspend the program as early as Friday. But a White House official said later the program had not been suspended and officials there were assessing their options.
I guess the question is, how could politicians have misread the signs that people would trade cars in for easy cash? The fact that the program ran out of funds 7 days in is just yet another example how the government can get nothing right. When they do, its pure luck. It’s the only stimulus plan that the Democrats actually got right, yet they managed to screw it up and under fund it. What a joke.
UPDATE I: “If they can’t administer a program like this, I’d be a little concerned about my health insurance?”
The House approved a bill Friday afternoon to provide $2 billion to continue the federal government’s week-old “cash for clunkers” program, which has proven so popular with consumers that it was almost out of cash. The vote was 316 to 109.
Officials are reportedly working to keep the government’s popular “cash for clunkers” program going amid reports its success may have caused it to run out of money within a week. Doesn’t the success of this one program make everyone sit back and scratch their heads as to why none of Obama’s any other “stimulus” programs operate in the same immediate manner?
With another $2 billion infused in the program, we can expect it to be broke again in another 20 days.
Congress moved Friday to inject fresh funds into the wildly popular “cash for clunkers” program after it nearly ran out of money, threatening to become a symbol of government bungling.
The House approved moving $2 billion from a program that backs loans to renewable-energy companies into the car-repurchase program, which apparently burned through its allotted $1 billion in just a week. The move came just before one of the biggest car-sales weekends of the summer.
Maverick Senator John McCain to oppose and provide a road block to the Cash for Clunkers additional $2 billion.
He noted earlier today, “I not only wouldn’t vote for the extra two billion, I was opposed to the initial billion… We’re now again bailing out the automobile corporations, two of which we own.”
Critics blast the “Cash for Clunkers” extra $2 billion without knowing all the facts. What a shock, a knew jerk government reaction with no information.
Even as House lawmakers are celebrating their remarkably swift move to infuse the popular cash for clunkers program with additional funds, some lawmakers and environmentalists are warning that extending the program is premature without knowing what it even does.