Another failed Obama program which the American Tax Payer will have to solve.
I still can not get over the wealth destruction requirement that was imposed. The destruction of used trade in vehicles that was mandated by the cash for clunkers program was sheer collectivist lunacy! The free market should determine value NOT the government. Destroying those vehicles was comparable to the destruction of produce and crops to attempt price fixing, determine value, and create demand where there is none -instead producing famine and shortages...
There are many that would now have used vehicles that have nothing -there are many after market businesses and jobs that would have been supplemented that now do not exist!
The government meddles in that which it has no business nor capability!