It was only a matter of time before we saw more programs like this cash for clunkers. So next up on the list ... home appliances! Yep, the government has a $300 million federal program to boost the sales of energy-efficient home appliances. The program begins late this fall. It will offer rebates ranging from $50 to $200 to purchase household appliances. This program will actually vary state by state and consumers will not have to trade in old appliances for their new purchases.
Well ... let's see if these ace businessmen can pull this one off without looking as bad as they did with Cash-for-clunkers. CFC, in case you don't know, ended last night. Dealers have until noon today to turn in all of their paperwork. We should point out that there is no deadline for government to get the money back to the dealers.
For those of you who, due to some cranial parasite or similar medical or emotional tragedy, still believe that government can do a good job of handling our health care, here are a few reminders of how the government handled CFC. Now remember, CFC was a simple automobile trade-in deal. This is something that car salesmen with nothing more than a high school education have been doing with absolute ease for decades. To handle one CFC deal the dealer had to generate 69 pages of paperwork. A medical textbook can tell you how to do heart bypass surgery in fewer pages.
More CFC goodies? Sure! I got 'em!
I played golf with the owner of several auto dealerships over the weekend. The federal government owes him $1.4 million for the clunkers he's taken in. He's received less than $10,000.
Dealers are suffering with a massive rejection percentage of clunker deals due to paperwork errors. One dealer received a letter from the government telling him that a specific CFC deal was being rejected "for reasons stated below." At the bottom of the form letter in the section for reasons for rejection the words "no reasons given" appeared.
After seeing the disaster that was cash-for-clunkers, one can only imagine why industries or consumers would continue to trust the government to do things efficiently.