Random Thoughts

No cash yet for clunkers

Apparently all is not rainbows and unicorns with the Cash for Clunkers program.

…the government has received applications for about 412,000 rebates totaling $1.7 billion. But so far, the feds have approved only a fraction of those, leaving dealers furious.

The Transportation Department won’t say exactly what the rejection rate is, but in an Automotive News survey, some dealers said up to 80 percent of their rebate applications had been rejected. Some dealers are waiting for payments totaling as much as $200,000, the survey found. About 13 percent of dealers said they’ve suspended clunker deals because of red tape and concern about getting paid by the government.

I am shocked. Shocked, I tell you.

If the government can’t handle running a relatively simple buyback program, involving a very small percentage of the total US population, however will they manage health care covering every single US citizen?

The mind reels.