But yet, the gov't finds a way to reject it and hold onto the money, keeping tied up billions of dollars in private funds fronted to them (the gov't) by private industry... all for a program supposed to stimulate the economy.
Hmmm.... gov't ****ing something up? Sounds hard to believe, to me.
Actually, I don't have much of a problem with C4C, even though I think Obama is generally on completely the wrong track overall. Of course, it wasn't his idea in the least, but he did get it included into his spending increases. Maybe it's helped, but it sure has made it tough on some of the auto dealers, who are already struggling. Now GM is having to front money to dealers, who fronted money to the gov't, who promised money to private consumers and fronted money to GM... does any of this shit make sense?
I wondered why so many of the applications for reimbursement were getting rejected, but I assumed it was that the gov't made the forms so convoluted and complicated that it was easy to mess them up. Apparently, it's not, they're just rejecting them for some other unknown reason???
Sucks. Wish I coulda afforded a new car under this program, but personally, I don't think it's any better than the deals the cash-strapped auto industry was offering a few months ago, when they were fire-selling everything they could offload, offering lots of incentives and rebates, etc. Are all of those things still in effect, along with C4C??? I haven't walked onto a car lot to check it out, but I'd seriously doubt it... my guess is that if you're getting the C4C deal, then that's pretty much all they're going to give you, because they still figure they can squeeze as much out of you as possible.
One more reason, I don't think I'll be buying brand new anytime in the foreseeable future. Used is always the way I'll go....