Thursday, July 30, 2009

Cash for Clunkers Program Shut Down After 4 Days


The Federal "Cash for Clunkers" program, scheduled to last until October, is already running short of money and will be shut down at midnight tonight. The program offered several thousand dollars to people who turned in older gas-guzzlers to buy a new car. About 1 billion dollars was allotted for the program.

The shut down will come even though the government will not pay for many transactions where buyers thought that they were getting the money. The National Highway Traffic Safety Administration told dealers Wednesday that a vast majority of transactions submitted were being rejected for incomplete or illegible paperwork. While demands for free money from the government was, as always, brisk, the whole thing is turning into a management and paperwork disaster.

The incompetence of statist big-government types is exceeding only by their arrogance. They can't even run a program like this without it turning into a ball of snags, yet they think they can take over (the rest of) the nation's health care system. They think they can accurately gage the demands for health care when the government is paying, but the money they thought would last about four months for this program instead lasted four days. At least they think this is what happened, but they really don't know if they are out of money because so many of the claims requesting money were "illegible or incomplete".

Reader of this space will know that I opposed all the bailouts, whose costs have swollen so that Congress has put We the People on the hook for an astounding 23 trillion dollars in potential liabilities. Still, if there was one bailout program for the common person, it was this one. The fact that they could only spare one billion for this program while almost all of the remaining 23 trillion dollars goes to shoring up their Wall Street and even international banking buddies speaks volumes as to their priorities. Send the lot of them home.

4 Comments:

Anonymous Chuck said...

Spot on! The Cash-for-Clunkers is but a mere preview of what's in store for us if Obama's health care disaster passes: it'll go broke sooner than later, people will be overwhelmed with bureaucratic red tape, rationing of care will ensue, quality of care will decrease and more. Everyone should be urged to inundate their Representatives' & Senators' offices with e-mails, letters, phone calls, text messages, etc. and let them know they oppose this fiasco.

It is unfathomable how even the simplest of minds cannot or will not grasp that the present system will not be able to accomodate 47 million+ additional people using present physical & human resources. Unless there's an immediate influx of 47,000 new doctors, nurses, pharmacists, PTs, OTs, RTs, XRTs, ORTs, etc. along with more hospitals & clinics(which there won't be), Obama's plan will fail miserably.

If Obama continues his Chicago-style, leftward course, he'll be a one-termer, just like JC. If he veers back to the center, as did Clinton after 1994, he might be able to garner another term.

I, too, was opposed to the bailouts. Government interference in the natural course of the marketplace almost always exacerbates the situation. The bad actors should have been allowed to fail. Instead, this administration stepped in, took over things they knew nothing about, and subsidizes bad behavior. If the subsidies continue, we will see more bad behavior. Bernie Madoff will look like a piker compared to what may lie ahead.

2:41 PM, July 31, 2009  
Anonymous Anonymous said...

Not to worry- congress has already approved another $2 bn to extend the program.

Please return to your job. Everything is under control.

2:46 PM, July 31, 2009  
Anonymous Chuck said...

Another $2 Billion? Hilarious indeed! They'll go through that like Joe Biden goes through gaffes, probably before the weekend is out. People like free money, but Congress hasn't a clue as to why.

Return to my job? What job?

Everything is under control? Whose control? Obama's? Not yet, but we're fast getting there.

11:25 PM, July 31, 2009  
Anonymous steven estrada said...

Isn't this the same govt that could not keep a brothel in Nevada open? I recall Mustang Ranch outside of Reno had been seized by the feds. They took over the Ranch, and less than a year later it failed and had to close up for good.

They failed in the brothel biz, they failed with clunkers, and we are supposed to believe they can handle hellscare?

Colour me dubious.

8:14 AM, August 03, 2009  

Post a Comment

Links to this post:

Create a Link

<< Home