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| Economy |
| Cash for Clunkers running out of gas |
| 2009-08-20 |
| Posted by:GolfBravoUSMC |
| #7 The "One" is on a talk show this day and said the Cash for Clunkers has been more popular than anyone expected. Giving away $4.500 of others peoples money popular, who would of thunk it? |
| Posted by: GolfBravoUSMC 2009-08-20 14:31 |
| #6 Rush had this idea. lets replace a few things here: Cash for Chemo, the very successful federal program that has brought cancer patients back to hospitals, is about to reach a very rough end of the road. Oncologists, among the biggest supporters of the program, are pulling out in large numbers, worried that they won't be reimbursed for the chemo treatments they have advanced to each patient. Oncology groups are complaining that slow processing of paperwork by the Department of Health has put them in a cash flow bind, requiring them to advance well over $1 billion so far. They also worry that the delays in processing their applications could mean there are far more cancer patients in the pipeline, a problem since the $3 billion allocated to Cash for Chemo is already close to exhausted. Dr Standish, managing partner of Cascade Oncology Group in Cuyahoga Falls, Ohio, said she had done about 31 chemo treatments, but only has gotten money back on three of them. She said she will not perform new procedures until reimbursement arrives. Even though she knows people will die, she said she can't afford to do otherwise given how much cash is needed to run a practice |
| Posted by: Beavis 2009-08-20 12:53 |
| #5 Japanese car dealers unwittingly paying off the student loans of customers. Where's the downside? [snark off] |
| Posted by: Besoeker 2009-08-20 12:41 |
| #4 Forgot the link. |
| Posted by: Deacon Blues 2009-08-20 12:35 |
| #3 Some of it is going back to the Gubmint. According to some New York dealers if the buyer owes money on a student loan or any taxes the Gubmint witholds the ammount owed. The dealers wind up loosing because they have already paid out the money to the buyer. As always when dealing with Government programs someone gets screwed. |
| Posted by: Deacon Blues 2009-08-20 12:33 |
| #2 Question is. Where *is* the money going? |
| Posted by: CrazyFool 2009-08-20 12:16 |
| #1 One sales manager said she will not close new deals until reimbursement arrives. Even though she knows she is losing sales because of that, she said she can't afford to do otherwise given how much cash is needed to run a dealership. So C4C is having a cash flow problem even after more Congressional action. Who'da thunk it? |
| Posted by: Anguper Hupomosing9418 2009-08-20 11:56 |