The federal government cash for clunkers suspended rumors have turned out to be true. The transportation department is ending the program as money is running out, already. Read about it below and see a video.

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Cash for Clunkers Suspended

It didn’t take long for the ‘Cash for Clunkers’ program to run through the $1 billion set aside for the program. The program has been quite popular, which is understandable. It was set up to provide customers with incentives to trade-in their old, gas guzzling cars for new, more eco-friendly cars. One of the new federal government’s efforts to turn the American auto industry into something resembling the smaller, European cars that Al Gore and the environmentalist think we should all be driving. No more evil SUVs and big Ford trucks. You could drive around in a much more expensive, smaller and kind of dweeb-ish looking car of the future. For the sake of putting more money in the environmentalists pockets, I mean for the sake of saving the environment.

The program offered up to $4,500 for trade ins on the smaller, more environmentally friendly cars. The Department of Transportation notified lawmakers that the program would end at midnight on Thursday, July 30, 2009.

The program that is technically called the ‘Car Allowance Rebate System’ ran through $1 Billion in federal funds (our tax dollars) in just six days. Democrats are proclaiming this as a huge success and a testament to the popularity of the program. Well, frankly, who wouldn’t trade in for a new car at the government’s expensive should the opportunity be presented. There have been about 30,000 Cash for Clunkers requests turned in to the National Highway Traffic Safety Administration. So there ya go. Going, going, gone. Your tax dollars are in garages across the country, a billion dollars of it in a week.

People who qualified were given rebates that they were then to take to dealers to get their new cars. At this point, part of the problem is that many dealers haven’t been reimbursed for the trade-ins they have taken. It seems the rebates haven’t been paid. Many feel they will never be paid, which makes me wonder where the money actually went. But since the government owns Chrysler and GM, I suppose it doesn’t matter that much.

As of midnight tonight, the Cash for Clunkers program is suspended. If that program was so grossly mismanaged, under funded and expensive, can you imagine what government run health care will be like? Just hope you don’t need your appendix out while the government tries to sort through the paperwork to see if you qualify and if there are enough funds left in THAT program.

Cash for Clunkers Suspended - Video