The government doesn’t seem to be doing a very good job of compensating car dealers for the $4,500 or $3,500 rebates they’re extending to buyers in the cash for clunkers program. The intrepid Instapundit, Glenn Reynolds, links to the following stories: New York dealers have been reimbursed on only 2% of deals; New Mexico dealers have collected $14,000 of $3,600,000 claimed, or 0.4%.
“But, don’t worry,” Reynolds writes. “Government healthcare will work perfectly.” Right.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.