To get the auto dealerships to front the money for the Cash for Clunkers program, the government guaranteed them they would have their reimbursements within ten days. But CBS television outlet KRKE in Albuquerque reports that, for the state of New Mexico,
Dealers across the state are owed more than $3.6 million, according to a dealers' group which says that so far Uncle Sam has only written three checks totaling about $14,000. (emphasis added)The dealers in other states are in the same fix. That's why a lot of them dumped the Cash for Clunkers program early they just couldn't afford to make more large interest-free loans to Uncle Sam. Because of government delays, it appears, some dealers are having cash flow problems big enough they're having trouble making their payroll.
There it is, yet another example of the kind of efficiency we have come to expect from the federal government. Everyone else in the country is expected to pay their obligations in a timely manner. Why not the government? I guess the government feels it's above the laws that apply to everyone else.
Instapundit comments:
They can't handle this, but they'll handle healthcare? . . .
They promised FedEx, but they're delivering the Post Office. . . .
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