Cash for Clunkers Suspended
There have been many rumors floating around that the “Cash for Clunkers Stimulus” program has been Suspended. It was estimated that roughly 250,000 people have been able to take advantage of the 1 billion dollar Cash for Clunkers trade in incentive. Lawmakers are pressing to add another 2 billion dollars to keep the Cash for Clunkers program alive after the influx of demand exhausted most of the first billion dollars.
Don’t feel you have missed out on Cash for Clunkers just yet:
White House Press Secretary Robert Gibbs made the following statement.
“If you were planning on going to buy a car this weekend, using this program, this program continues to run, If you meet the requirements of the program, the certificates will be honored.”
Evidently delegated powers are working to transfer economic stimulus funds for the Energy Department to the clunkers program and is being backed by the Obama administration.
Robert Gibbs also stated that there has been no immediate confirmation from the administration on the $2 billion addition to keep the Cash for Clunkers Plan running. The program “is something we believe can, should and will be extended.”
