Two guests were on the Beck Show with Eric Bolling today. One was John Pugliese of Sansone Auto Group, and Matt Luzio of the James Toyota Kia Dealership. Breaking news from the Transportation Secretary, Ray LaHood, saying Cash 4 Clunkers will officially end Monday, August 24th, 2009.
But wait! I thought this was such a successful program!? Well, if you think that, just ask Matt or John; both of their companies are owed hundreds of thousands if not millions of dollars in reimbursement of these $4,500 government subsidies for C4C cars. Problem is, some have been reimbursed for only a couple of transactions, and many have not been reimbursed AT ALL!
Small businesses cannot operate this way. They have to have cashflow to keep going, and they’re not able to stay afloat as businesses if the government is not keeping up their end of the bargain for reimbursements.
Now you tell me… if the government cannot manage a $1B subsidy program during the promised reimbursement time frames, how in the world can anyone in their right mind think they can effectively manage and run nearly a 6th of this country’s economy (healthcare)? The short answer is, IT CAN’T!