President Barack Obama said in an interview Thursday that the program has been "successful beyond anybody's imagination" but dealers were overwhelmed by the response of consumers. He pledged that dealers "will get their money."
Um, not quite. Car dealerships are for-profit entities whose continued existence depends on them being able to quickly and accurately complete large amounts of paperwork. It's the federal bureaucracy that has, once again, demonstrated its inability to do even the most simple task with anything that could be mistaken for competence. Dealerships fronted this money on behalf of the federal government in good faith and are now being screwed. Promises that they will be reimbursed sometime, maybe, doesn't cut it in an industry as cut-throat as new car sales.
Any doctors out there may want to take heed; you're next if The One gets his way.
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