Wednesday, August 19, 2009
Cash for Clunkers Flops?
It seemed like a great idea at first – kind of like Oprah’s free KFC coupons? – but the Cash for Clunkers program is rapidly coming to an end. It was every hooptie owner’s dream to trade his/her old worn out wheels in for something new and improved. Then, the government promised to pay dealerships $4,500 towards the car too? Could a deal be any sweeter?
Unfortunately, just like many black operated establishments, the boss hasn’t paid up. Dealerships are complaining that they’ve sold 90% of their cars and still no reimbursement checks. So, with no supply and no money, they can’t sell anymore cars under the Cash for Clunkers plan.
Obama know he need to pay those people.
Labels: President Obama