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Wednesday, September 2, 2009
Government Mismanagement is Making Dealers Suffer for Cash for Clunkers
What a fantastic boon the Cash for Clunkers program has been. Even our beloved President Obama made a point of saying what a success it's been. Unfortunately for the hypesters, the reality has been a little different. Auto dealers had to destroy huge amounts of otherwise valuable trade-ins to qualify for money they were promised would be delivered within ten days. Many of them still have millions in outstanding "loans" to the government.

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