The National Automobile Dealers Association is urging the federal government to begin shutting down the Cash for Clunkers program immediately.
In a statement released Wednesday evening, NADA said that, given the rapid pace at which deals are being done, it will be difficult to say when the program’s funds may run out.
But Transportation Secretary Ray LaHood said earlier Wednesday that all dealers would be reimbursed.
However, the NADA said, in its statement, that the group had “confirmed elsewhere” that dealers would not get paid if cash ran out.
Thursday, August 20, 2009
Another example of a government run program at it's finest.
Posted by traderrob at 7:36 AM