Cash for Clunkers – a Huge Failure
by Rense Johnson, Chairman
Citizens for Term Limits … for a fresh Congress!
September 2, 2009
The Obama bureaucrats can’t even run the Cash for Clunkers program. Intentionally or unintentionally, hundreds of automobile dealers have been cheated out of reimbursement for money paid out.
Fox News’s Carl Cameron in Silver Springs, Maryland, told about a dealer there which had a total of eighteen locations, had paid out a total of $5,500,000 for 1231 cars (an average of over $4,400 per car).
And had been paid on eight. That is less than one per cent of outlay.
We hear of nit-picking by the bureaucrats on applications. Of a total of 450,000 cars traded in statewide in Maryland, (and cash paid out by the dealers) only 167,000 were approved. That is less than 40% approval, with dealers on the hook for the entire 450,000 (times cash shelled out).
We are told that Maryland’s statewide total unpaid is thirty-five million dollars – for which dealers have already paid out. That is just one state.
According to Representative Rep. Joe Sestak, D-Pa in mid-August only two percent of Clunker cash had been paid out, with dealers left holding 98% of the bag.
The administration that cannot run a small program costing less than ten billion dollars wants us to believe that it can:
- Administer a multi-trillion-dollar health care program,
- Figure out a safe way to do away with the Gitmo prison for terrorists,
- Make America energy self-sufficient without drilling,
- Make an honest U.S. Census count,
- Spend our way to prosperity (never done in the history of the world),
- Keep its promises.