Cash for Clunkers: With Successes Like These, Who Needs Failures? « NewsReal Blog

Cash for Clunkers: With Successes Like These, Who Needs Failures? « NewsReal Blog: "The Cash for Clunkers program has been, if you believe the hype, the most successful stimulus program in recent memory. It is unquestionably popular. Who wouldn’t want “free” money for a new car? But recently, the program seems to be running as rough as the cars it tried to get off the road.

Dealers give consumers discounts, expecting the government to keep its word and reimburse them later. But in many cases the checks from the government are late or denied altogether, leaving dealerships on the hook for deals they made in good faith. And dealerships are bailing – last night on CNN, President Mark Schienberg of Greater New York Auto Dealers, had this to say about over half his dealerships pulling out of the program:"