TODAY'S HOT BUTTON: "The FINAL word on an expiring government giveaway program". Today marks the conclusion of D.C.'s ambitious adventure into the uncertain waters of selling new cars. At the end of the day, President Obama's canary-yellow leisure suit comes off, while the giant inflatable gorilla on the White House lawn gets deflated...the sale is over. To many new car dealerships and automalls, these past few weeks have been a mixed blessing. While inventory on lots have been drastically reduced, on average, many dealers are now stuck waiting for their promised repayment from Washington, now issued in the form of I.O.U.'s. Disgusted by all the red tape and nine pages of paperwork and legal mumbo jumbo, many big name dealerships had already begun stopping the "Cash for Clunkers" program a week or two ago. This afternoon, the last minute stragglers are walking across lots trying to make a deal and dealers don't know what to do to keep crowds of would be buyers quiet until the clock strikes five. As far as I'm concerned, the consumers are in the right here and still have until five this afternoon to get that 2010 Chevy Camaro they've been wanting. Hell, we all could use a new car regardless of the contradictions like purchasing something that we can't afford with a credit card...Isn't spending beyond our means what got us in this "Recession" in the first place? If the President isn't too worried ro take his family on vacation to Martha's Vineyard for a seven night stay at a rental property costing $35,000 a week, my advice is to go to the GM dealer...you still have a few hours left. Follow by example. Afterall, if you can't afford it today, your kids can pay the tab long after you're gone! Happy motoring!
