Cash For Clunkers

I would like to thank President Obama for giving America another example of just how inept the government is at running programs. Lets take a look at the Car Allowance Rebate System (a.k.a. Cash for Clunkers).

• Dealers Still Waiting for Clunker Cash - KELO
• Car Dealers Still Waiting on Cash - CBS 2 Chicago
• Dealers Slow to See Government Reimbursement - Baltimore Sun
• Dealers Shun Clunkers Due to Slow Payment - AutoNews.com
• The Train Wreck Rolls On - FoxNews
• Dealers Stiffed as Clunkers Pile Up - KRQE News

And this is absolutely rich. The program set up to help American auto makers is helping foreign owned companies instead. Here is the list of the top 10 vehicles sold in the Cash for Clunkers program (full article).

1. Toyota Corolla
2. Honda Civic
3. Ford Focus FWD
4. Toyota Camry
5. Toyota Prius
6. Hyundai Elantra
7. Ford Escape FWD
8. Honda Fit
9. Nissan Versa
10. Honda CR-V 4WD

Notice, only 2 American owned cars in the bunch. However, the top 10 cars getting traded in.... all American owned.

1. Ford Explorer 4WD
2. Ford F150 Pickup 2WD
3. Jeep Grand Cherokee 4WD
4. Jeep Cherokee 4WD
5. Ford Explorer 2WD
6. Dodge Caravan/Grand Caravan 2WD
7. Chevrolet Blazer 4WD
8. Ford F150 Pickup 4WD
9. Chevrolet C1500 Pickup 2WD
10. Ford Windstar FWD Van