Wednesday, August 19, 2009

Slow Paying Obama, Still Slow Paying

The Drudge Report is running the link to this story on its front page:

NY dealers pull out of clunkers program
Hundreds of auto dealers in the New York area have withdrawn from the government's Cash for Clunkers program, citing delays in getting reimbursed by the government, a dealership group said Wednesday.

The Greater New York Automobile Dealers Association, which represents dealerships in the New York metro area, said about half its 425 members have left the program because they cannot afford to offer more rebates. They're also worried about getting repaid.
Thanks to an EPJ reader, we had this story weeks ago:

Slow Paying Obama
I was just told by a source inside the largest Ford dealership in a major city that, effective immediately, they have dropped out of the cash for clunkers program. As it turns out, the Feds can't find their checkbook. They are behind by more than $400K with this dealer and it's causing the dealer great financial distress as it's creditors don't operate under the same lax system of payment.

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