dealerships liked the concept, and the salesOctober 12 2009 at 4:37 PM
Response to Sales up across the board - CFC a huge success!!! Get your facts straight Limbaugh.
but all it did was create a spike in sales, accelerating sales that likely would have occurred this year anyway. it has since been countered by a slump in sales
and a lot of dealerships are still waiting for their money from the guvmint. it screwed up some of their cash flows so badly that some have closed because of it
it didn't do anything for the ancillary businesses in the auto industry
it took a lot of serviceable, low-cost vehicles (what low-income people could use more of) out of the market to be replaced by cars whose re-sale value is too high for low-income folks. Good thinking.
Typical wasteful and pointless government spending program