Thursday, July 30, 2009

Cash for Clunkers is huge success

The Republicans were wrong again. More than 100 knee-jerk obstructionist Republicans-- kooks and extremists like Michele Bachmann (MN), Mean Jean Schmidt (OH), Patrick McHenry (NC), Virginia Foxx (NC) and John Shadegg (AZ) stuck with the lockstep anti-progress leadership of John Boehner (OH), Eric Cantor (VA), Mike Pence (IN) and Paul Ryan (WI) to vote against the Cash for Clunkers bill in the House.

However, 59 Republicans of all stripes abandoned their party's leadership to vote with the Democrats-- from right-wing extremists like Steve King (IA), David Dreier (CA), Phil Gingrey (GA) and Gary Miller (CA) to mainstream conservatives like Frank LoBiondo (NJ), Mike Castle (DE) and Chris Smith (NJ). Good for them

Cash for Clunkers will be suspended tonight as funds run out. The federal cash for clunkers program is close to running out of the $1 billion allocated by Congress. The U.S. Department of Transportation has told Senators that the program will be temporarily suspended at midnight tonight.

The program, officially called the Car Allowance Rebate System or CARS, went live less than a week ago, on July 24.

Some dealers said they will stop accepting cars for trade-in under the program until they are sure funds are available. The autodealers are hoping the government will provide more federal funds for the program.

In a statement, the National Automobile Dealers Association, said, "We do not have confirmation yet of DOT suspending the clunkers program, but if the program is indeed suspended, NADA will continue to work with the Department of Transportation to emphasize the importance that every dealer is reimbursed for a valid deal.

We will also work with the Obama Administration and members of Congress to meet the demonstrated consumer interest in the cash-for-clunkers program."

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