The Transportation Department said Thursday the government will wind down the program on Monday at 8 p.m. EDT. Car buyers can receive rebates of $3,500 or $4,500 for trading in older vehicles for new, more fuel-efficient models.
"It's been a thrill to be part of the best economic news story in America," Secretary Ray LaHood said in a statement. "Now we are working toward an orderly wind down of this very popular program."
Friday, August 21, 2009
This program has been simply disgusting. All it proves is that if the government offers to give away money then people will respond. This will go down in history as one of the most egregious examples of government waste. Ray LaHood should be ashamed to his core.
Posted by Scott Grannis at 1:31 AM