Let’s hope the car dealers waiting to get paid didn’t destroy the old cars yet:
Through Thursday, auto dealers have made deals worth $1.9 billion and are on pace to exhaust the program’s $3 billion in early September. The incentives have generated more than 457,000 vehicle sales. Administration officials said they have reviewed nearly 40 percent of the transactions and have already paid out $145 million to dealers.
Administration officials said applications for rebates will not be accepted after 8 p.m. EDT Monday and dealers should not make additional sales without receiving all the necessary paperwork from their customers. Dealers will be able to resubmit rejected applications after the deadline.
Dealers have complained of delays in getting reimbursed and backlogs of vehicle paperwork getting processed in the program.
Hmmm… running out of money, delays, backlogs… and they want to give us “free healthcare,” too?