Thursday, July 30, 2009

CARS aka Cash For Clunkers to shut down?

Only 4 days into the program, the AP is reporting, from un-named sources, that the Obama administration will stop the CARS program? I know it's been cranking beyond anyone's imaginings, with 10% of the funds already spent and a bunch more in the pipeline, but stopping it? I'm hoping this is either untrue or just temporary, as I'm still holding out hope for my own deal, which if the dealer hadn't putzed around would have been done tonight.
I heard earlier today on the radio that the program was so sucessful that many wanted to see the fund increased. It's estimate that the money will run out long before the November cut off date. Some say as early as September.

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