Thursday, July 30, 2009

When a Vacation Lasts Longer than the Cash for Clunkers Program
- CARS ends Friday

I'm in the midst of my first-ever "staycation". You'd think I'd find some time to blog, but it hasn't happened yet. I thought I'd have plenty of time to comment on the CARS, "cash for clunkers" program, but it appears that won't be the case. Multiple sources including the Detroit News, linked here, are saying the program will end as early as Friday. They're running out of money, running out of cars, and they aren't set up the handle the glut of applications. They are claiming they went through a billion dollars of federal funding in less than a week. Heck, it takes GM 2 weeks to go through that much money.

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