President Obama Signs $2B Cash for Clunkers Extension into Law

More money for new cars... they should space this out monthly. They are shocking the hell out of out economy and the future of this might lash back at us. Slow down, to much at one time isn't a good thing

:

President Obama signed the CARS Cash for Clunkers extension bill into law today, channeling an additional $2 billion into the popular new-car rebate program which would have otherwise come to a grinding halt today when the original $1 billion in funding ran out.

To the cheers of supporters, automakers and dealers, President Obama signed the bill into law today saying that the economy "will continue to get a much-needed boost" from the sales generated by the program. Critics charged that the program will only drive up sales in the short-term, eliminating future demand after the program ends.



Source: MotorTrend  

And at last count...only about 40% of deals have actually been paid.