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Update - July 31 - AP reports that Cash For Clunkers program suspended because the number of rebates unprocessed in the system is unknown. USA Today spins the same story that the program is suspended until the $1 billion appropriation can be increased to $4 billion.
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Original Post -
The federal Cash For Clunkers program began July 1, but the regulations weren't ready for another three weeks. The program ends when the $1 billion is gone, so it's first come/first served. But the National Highway Traffic Safety Administration hasn't paid out any money yet because they can't get their "on-line" system to work.
Dealers are fronting the money in order to not lose sales. In the Twin Cities, not one dealer has been paid by the government. Not one. Dealers can't be sure when they'll be paid or if they'll be paid. What a great country!
Gee, aren't you glad it isn't your appendix that's waiting.
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