[Dixie Yooper]

How many more months before Obama and Congress try to bail out those who bought a new car under the Cash-for Clunkers program and can't make the payments???

[Cletus.D.Yokel]

That isn’t part of the plan. The used car market will be glutted with the repossessions that will sell dirt cheap because of the up-front subsidy.

In 2 years a C4C Corolla that was driven off the lot new at $9000, repossessed and auctioned for (maybe) the loan price will be about $4500.

The white house will call it “a wash”!

[Arrowhead1952]

How many more months before Obama and Congress try to bail out those who bought a new car under the Cash-for Clunkers program and can't make the payments???

I made that prediction several weeks ago when the cash for clunkers started.