Well when rolled out to the public as something that would last for about three months ended up running out of money within a week.
When more money got thrown into it, it lasted again for just about a week, before finally given the boot this Monday.
Plagued by bureaucratic nightmare after bureaucratic nightmare, now car dealers are faced with the possibilities of having to write off unpaid credits:
nytimes:
"Laura Sodano, a sales manager at Curry Chevrolet in Scarsdale, N.Y., said dealers were not told why their applications had not been approved and were having to review the entire form to determine what went wrong.
“I don’t know one dealership that’s gotten paid yet,” Ms. Sodano said. “If they run out, we’re in trouble. It’s bringing us a lot of traffic, but it’s not a very good program.”…
If the funding is exhausted before all reimbursements are made, some dealers — and possibly G.M. — could end up having to write off the unpaid credits.""
But hey! This program was touted a "success" by obama. He SAVED THE CAR INDUSTRY!
who do you think...received the most out of these sales?
(TICK TOCK TICK TOCK TICK TOCK)
Yup...FOREIGN CARMAKERS.
Keep in mind folks...that lil webster wants to control health care. He can't even get a grasp on his own stupid car program.
(swing and a miss!)
He upgraded the ten year deficit projection by TWO TRILLION!
(FOR A TOTAL OF 9 TRILLION)
(swing and a miss!)
What we have here are red flag after red flag of warnings. I am hoping...hoping that people out there...even those as dense as "countsy", can at least see these as a slap in the face of cold hard reality....
He's not your savior. He's not anyone's.
He's just another small man/ big liberal.
