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+--- Thread: Well, so much for that. Cash for Clunkers is broke. (/showthread.php?tid=82097)
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Well, so much for that. Cash for Clunkers is broke. - Acer - 07-31-2009
http://www.nytimes.com/2009/07/31/business/31clunkers.html?_r=1
And I had such plans..
Re: Well, so much for that. Cash for Clunkers is broke. - Mac1337 - 07-31-2009
How timely! Got a related thread running on the milk and honey side.
Re: Well, so much for that. Cash for Clunkers is broke. - cbelt3 - 07-31-2009
sigh. You expected great things from it ?
Re: Well, so much for that. Cash for Clunkers is broke. - pRICE cUBE - 07-31-2009
cbelt3 wrote:
sigh. You expected great things from it ?
If the goal was to get people to buy, it obviously worked.
Re: Well, so much for that. Cash for Clunkers is broke. - Don Kiyoti - 07-31-2009
Even Tucson's biggest car dealer (and arch-Republican) said it has helped to jump started the auto market.
Re: Well, so much for that. Cash for Clunkers is broke. - Racer X - 07-31-2009
what did you expect? And Chrysler was matching funds too......
Re: Well, so much for that. Cash for Clunkers is broke. - Lux Interior - 07-31-2009
The plan was a one billion dollar appropriation by congress. The plan did not have any way to replenish itself, so it would obviously "go broke" eventually. A poor choice of words, IMHO.
The quicker the funds run out, the more popular the plan is, eh? I deliberately avoided the term "successful" since I have no idea if it is/was.
Re: Well, so much for that. Cash for Clunkers is broke. - mikebw - 07-31-2009
And the phrase "jumpstart" is kind of misleading IMO since there is no more "gas" to keep sales going after the fact.
Re: Well, so much for that. Cash for Clunkers is broke. - OWC Jamie - 07-31-2009
"jumpstart" could also mean concentrated sales with lean times for the balance of the year.
Results might be interesting. Cleared lots of 2008 models off of lots ?
Re: Well, so much for that. Cash for Clunkers is broke. - mrbigstuff - 07-31-2009
two words to increase its funds: TARP money