Some New Mexico auto dealers have backed out of the cash-for-clunkers program and more may do so as the federal government takes its time providing cash reimbursements.
Dealers across the state are owed more than $3.6 million, according to a dealers' group which says that so far Uncle Sam has only written three checks totaling about $14,000.
Cash for clunkers--officially its the Car Allowance Rebate System--allows consumers to trade their gas guzzlers for a more fuel-efficient rides while earning up to $4,500 toward the purchase price.
Dealerships put up the cash for the rebates after being told by the Obama administration they would be paid back within 10 days of the sale.
They join the hundreds New York auto dealerships who have also bailed on the program.
I just get a thrill up my leg thinking of these people running health care and processing millions of claims.
Edited to add: Don't forget, this was being held up as one of the great early successes of the administration.
Actually heard a commentator on the news say that you couldn't possibly expect the government to pay them in 10 days regardless as to what they promised. Swear to God.
ReplyDeleteLazy Libertarian