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TUESDAY, NOVEMBER 24, 2009
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5

'Clunkers' Ends Monday

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(AP) – The Obama administration will end the $3 billion Cash for Clunkers program at 8pm Monday, giving car shoppers a few more days to take advantage of big government incentives. Dealers have complained about sluggish reimbursements, but Transportation Secretary Ray LaHood said the program has been "a lifeline to the automobile industry, jump-starting a major sector of the economy and putting people back to work."  

The White House has touted the program's success in providing a targeted boost to the sluggish economy since its inception in late July. Through today, auto dealers have made deals worth $1.9 billion, and the incentives have generated more than 457,000 vehicle sales.

A Ford Dealership in San Jose, Calif.
A Ford Dealership in San Jose, Calif.   (AP Photo/Marcio Jose Sanchez, file)
In this photo taken on Aug. 16, 2009 a 1997 Cadillac Sedan De Ville that was traded in sits at a Ford dealership in Centennial, Colo.
In this photo taken on Aug. 16, 2009 a 1997 Cadillac Sedan De Ville that was traded in sits at a Ford dealership in Centennial, Colo.   (David Zalubowski)
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5 comments
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BlahBlahBlah
Aug 20, 09 4:45 PM CDT
It is nice to see a government program succeed. Even if the Repubs did try to kill it in its infancy. Reply
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+1
Yourself
Aug 20, 09 6:22 PM CDT
repubs try to kill everything brought forward by others. they're not called the "party of no" for any old reason these days. Reply
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-3
IN RESPONSE:
BlahBlahBlah
Aug 20, 09 9:37 PM CDT
True my friend, very true.
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-3
odowd80
Aug 20, 09 7:40 PM CDT
Democrats believe in the positive power of government, its nice to see the results of that attitude. Reply
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-1
Jes
Aug 21, 09 10:17 AM CDT
So they've raised $1.9 bil and spent $3 bil. Rousing success. Reply
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+2
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