Comments on: Cash For Clunkers Program Suspended After Only A Few Days. Here Is Why

By: Car Allowance Rebate System Was A Success

Car Allowance Rebate System Was A Success — Mon, 02 Nov 2009 16:02:21 +0000

[...] Press Secretary says that all valid CARS applications already turned in will be honored. But the program needs more money allocated to it in order to continue. The Obama administration needs to convince congress to add [...]

By: Friday Finance Round Up – July 31, 2009 | Redeeming Riches

Friday Finance Round Up – July 31, 2009 | Redeeming Riches — Fri, 16 Oct 2009 13:03:25 +0000

[...] Cash For Clunkers Suspended After Only a Few Days: Here’s Why - Bible Money Matters [...]

By: Cash for Clunkers Trade-In Program Has Been Reinstated

Cash for Clunkers Trade-In Program Has Been Reinstated — Sat, 29 Aug 2009 00:36:23 +0000

[...] Cash for Clunkers program suspended – here’s why [...]

By: Cash for Clunkers Suspended

Cash for Clunkers Suspended — Tue, 04 Aug 2009 15:33:35 +0000

[...] Cash For Clunkers Program Suspended After Only A Few Days. Here Is Why. [...]

By: My Journey

My Journey — Mon, 03 Aug 2009 18:41:36 +0000

I don’t get it! The government wanted to sell cars, right? They sold a boat load of cars right away, right? It was first come first serve, right?
Then why is this even in the news?!
My Journey´s last blog ..Happy First Birthday My Journey to Millions

By: Cash For Clunkers Ended Because Funding Has Been Used Up

Cash For Clunkers Ended Because Funding Has Been Used Up — Mon, 03 Aug 2009 16:54:12 +0000

[...] Cash for Clunkers program suspended – here`s why [...]

By: * Cash for Clunkers Car Buying Stimulus Program Is Dead

* Cash for Clunkers Car Buying Stimulus Program Is Dead — Sat, 01 Aug 2009 11:42:46 +0000

[...] money ran out — WalletPop (Gina Roberts-Grey) shares her personal experience with the program.Cash For Clunkers Program Suspended After Only A Few Days. Here Is Why — Bible Money Matters offers the reason behind the suspension and also mentions the $2 [...]

By: Andy

Andy — Fri, 31 Jul 2009 20:54:23 +0000

Well, looks like the program is back on with the additional funding. Unlike the other stimulus program this one is working too well. While the intended premise is questionable, it is spurring auto sales and economic activity.
Andy´s last blog ..Use Exchange Traded Funds (ETFs) When Unsure About Which Stocks to Buy

By: Kevin@OutOfYourRut

Kevin@OutOfYourRut — Fri, 31 Jul 2009 16:27:07 +0000

A monetary give away will always “succeed”. We could be looking at the beginnings of the next public fiscal runnaway train. The real question is will the auto industry be able to function without it going forward.

Look what happened in housing when 100% financing went away. Now they’re trying to restore it through the $8000 any buyer credit. And there’s a push to increase it to $15k.

The real question is, is any of this right from an individual standpoint? Unless you’re paying cash for your new car, you’ll probably increase your debt load to make the deal.

By: Brad @ enemyofdebt

Brad @ enemyofdebt — Fri, 31 Jul 2009 16:14:06 +0000

“But from the standpoint that it sucked a lot of people in to buy new cars – yes, i think it did succeed.”

I couldn’t agree more Peter!
Also if the program helped 20,000 people, even if they gave $4500 to each of those that only comes to 90 million. I heard the program planned to use 1 billion of stimulus money. What happened to the rest? Does that go into the Congress slush fund?
Brad @ enemyofdebt´s last blog ..Government Reliance Vs. Personal Responsibility- Wait Or Create?