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Gubment Has Paid Auto Dealers Only 2% of Cash4Clunkers Reimbursement Money
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Gubment Has Paid Auto Dealers Only 2% of Cash4Clunkers Reimbursement Money
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A major car dealer in the Dallas-Fort Worth area is still waiting to be reimbursed for the $1 million he's fronted to his cash-for-clunkers customers to date. For the past two or three weeks, he's been told that he should expect his money "sometime soon." Nice little interest-free loan he's provided Uncle Sam, wouldn't you say? I wouldn't be surprised if there are some marginal dealerships out there whose very survival is being threatened by the delays in payment from the Feds.
- Stephen M. Smith