Friday, July 31, 2009

White House reviewing 'cash for clunkers' program - Yahoo! Finance

Uh, couple of questions...

1. How could something you planned on running to November take only 3 days to wipe it out? Was the 'planning' something that someone actually did? What will happen to those who 'planned' so poorly. Unbelievably poorly. Understanding the market and possibilities for challenges from a variety of circumstances is marketing 101, folks. So... how does this happen. Ignorance? Stupidity? Mismanagement? Simple Incompetence?

2. What about all the car manufacturers who were promised this thing would last for a duration of time? They are spending millions of dollars in ad buys to help you and your program. The one you just canceled... because you can. They, however, cannot cancel their ad buys - did you even consider that? - and now ads will continue to play as the program has been suspended or not suspended or sort-of suspended...

3. Can we expect any of this incredible dysfunction to be visible in the Health Care debacle? Whether it is suspended or not (just heard that they de-suspended it on the radio... Seems they cannot figure out how the booorokrats can keep going without fucking it up totally...) So now we do not really know if it is or is not suspended. In CA, they are having people sign IOU's in case the Gubment defaults on the program that may or may not be suspended.

OMG, people, the massive incompetence of this gang is remarkable and frightening.
White House reviewing 'cash for clunkers' program - Yahoo! Finance:

"WASHINGTON (AP) -- The White House said Thursday it was reviewing what has turned out to be a wildly popular 'cash for clunkers' program amid concerns the $1 billion budget for rebates for new auto purchases may have been exhausted in only a week.

Transportation Department officials called lawmakers' offices earlier Thursday to alert them of plans to suspend the program as early as Friday. But a White House official said later the program had not been suspended and officials there were assessing their options.

'We are working tonight to assess the situation facing what is obviously an incredibly popular program,' White House press secretary Robert Gibbs said of the Car Allowance Rebate System. 'Auto dealers and consumers should have confidence that all valid CARS transactions that have taken place to date will be honored.'

Gibbs said the administration was 'evaluating all options' to keep the program funded."

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