Cash for Clunkers-the “life-line of the auto industry”, according to Transportation Secretary Ray LaHood is closing it’s doors……2 months ahead of schedule. Yes, the money (originally 1 Billion Dollars) was supposed to last until November 1, 2009. Oh yes, and they added an ADDITIONAL 2 BILLION DOLLARS to the program in order to make it last only until Monday night. Oh, and the government hasn’t been able to process hardly any of the cash for clunkers paperwork in order to reimburse the dealerships. This is what they call success.
Hmmm….the White House estimates that the healthcare bill will cost 1 TRILLION over 10 years. I wonder how far those figures are off……………..