Well, it didn't take long for this idea to go off the rails. Will President Obama summon up the votes in the Senate to keep it going? I guess we will have to wait and see.
The program did teach us a few things.
#1 There is a lot of pent up demand for vehicles out there
#2 Tax credits/cuts work and stimulate
#3 The government cannot run anything.
I am not thrilled that the cars are being scrapped and are not allowed to be resold and/or cut up for parts, since the aftermarket is vital to the industry. However, it is nice to see the dealerships busy again.
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