Tuesday, November 6, 2012

The Cash for Clunkers Program

Massive amounts of complex newspaper work, in addition to confusing procedural requirements, were necessary to be certain the "clunker" was destroyed. In many cases, incomplete forms or errors in the information submitted by dealers slowed the process and applications were sent back. President Obama tell the work force handling the applications would be tripled to speed up the delays.
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Long delays and unce


tainty among dealerships about acquiring the rebate from the government led to the program being inflict two months early on August 24, 2009 (Bunkley).

The logic at the inception of the "Cash For Clunkers" program was that marginal new car sales would offset the value lost in the chemical mechanism and secondary parts markets. The truth is, however, that perfectly good automobiles are being thrown away in an unprecedented
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