The program grinds to a halt. But dealers are left holding the bag at the moment.
U.S. Transportation Secretary Ray LaHood announced Thursday that after a wildly successful run, the cash for clunkers program will come to a close on Monday, August 24th at 8 p.m. EDT.
“This program has been a lifeline to the automobile industry, jump starting a major sector of the economy and putting people back to work,” Secretary LaHood said. “At the same time, we’ve been able to take old, polluting cars off the road and help consumers purchase fuel efficient vehicles.”
I happened to be listening to NPR tonight when they announced this. They had in interview with a dealer who has made more than 300 C4C deals.
And has been paid for exactly one of them. Just one.
Read the whole thing, because there is a lot of Federal incompetence on full display in it. They started with far too few people to manage the paperwork. They have added more staff, tripling the available manpower to 1,100 – but these new additions are completely green and there is no real evidence that they will improve the situation – or simply cause even more headaches and delays.
Do you really want the government handling a trillion dollar health care program when it cannot run a measly $3 billion efficiently?