Cash for Clunkers sounds like a good deal and it probably is. After all, if I have an old beater sitting in the driveway--and I do--why would I not like to replace it for something newer and nicer and not entirely on my dime?
Like I said, it sounds like a great deal. Though according to this, it's not working out so hot for participating dealers:
Dealers reported problems with the government’s online system to get the transactions approved by the National Highway Traffic Safety Administration (NHTSA), which is running the program.
Scott Lambert, vice president of the Minnesota Auto Dealers Association, said he was “astounded” to learn at a meeting Tuesday representing about 150 Minnesota dealers that not one has had a deal approved.
“We had dealers representing 1,500 to 2,000 transactions,” he said. “We asked how many had a deal approved yet, and not one hand went up.”
Lambert said the government has created a program that’s “so big and cumbersome that it can’t find a way to accept anything. We’re sending in good, reliable deals.”
It’s nerve-racking for the dealers, he said, because they have given the customer $4,500 and now the dealers need to be reimbursed.
Imagine my shock at learning that a government program doesn't work as advertised. Now imagine applying those same industry-leading efficiencies to a government-administered health care system (in part or in toto--take your pick).
As Glenn Reynolds points out, it's almost certain they'd do a better job with your prostate.