You know it’s a slow news day when you stoop to reporting that the C4C program is going to be wound down.
The program was supposed to end after September 7 but may be terminated sooner. Transportation Secretary, Ray LaHood, said he would announce in two days the exact termination date as well as how much money is left from the original appropriation of $3 billion. He also said that all dealers would be reimbursed as soon as possible for sales under the program.
Indications have been that the initial rush to trade in cars under the program have moderated significantly. It will be interesting to see some hard data on that one as well as the effect that the program had in simply accelerating planned car purchases.
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Enter text right here!Good…, as they say, all good things come to an end. Actually, this could be considered a BAD thing b/c it’s CRAZY, we are giving people money to live more vicariously and lavishly than before all this economical bust took place? What are we doing? Spoiling every single last American? Let’s learn to live in moderation, then we wouldn’t have so much debt…Well, the fish sticks from the head..so the head is the While House…right?