CARS Suspended

Leave it up to the government to cause such a mess. An AP article said nearly 23,000 vehicles were purchased through the program through late Wednesday and nearly $96 million had been spent. A survey of 2,000 dealerships found 25,000 deals waiting to be approved. That's an average of 13 per dealer. By my figures, the program allows an average of 10 sales per dealership. Because of the backlog, the Transportation Department made the decision to suspend the program at midnight Friday. In other words, the government may have found a way to burn through $1 billion in one week.

Maybe I should say, "yet another way..." Obama really needs to reign in spending to get this country back in line. First, it was $750 billion for the banks. Then, it was billions more for the auto industry. Now, he's wants to provide national health care. This is all in addition to the cost of the military and social security. No wonder the national debt has exceeds $11.6 trillion. It has increased more than $900 billion since the beginning of 2009 and nearly $2.1 trillion in 12 months. Wow!