Ed has not updated the Cash For Clunkers info on his blog , and I saw a bunch of you looking for the information: here it is.
1. It looked like the program was going to die.
They changed the cars that qualified – which messed up people who had picked out their cars.
2. The program was so popular that there was not enough money to fund it.
3. It is a stupid program that doesn’t really target CLUNKERS or replace them with super-efficient cars either.
The House hurriedly passed legislation today to add $2 billion in funding to the “Cash for Clunkers” program.
What is it?: Government issuing $3,500 to $4,500 to get aging gas guzzlers off the road. The car must be less than 25 years old (summer of 1984 or more recently).
It was expected that the funds would last until November 1, 2009. The funds turned out to only be enough for a week.