NBC Cash 4 Clunker4s score

[elmariachi]

These two articles below were side by side at NADA.org, further demonstrating his disconnect with reality. How much anaylsys needs to be conducted for fraud? Days? Why was a portion of that responsibility not pushed out on the dealer? You cut the VIN tag off of the clunker and submit it and the title with the application, end of story. :

Two-Thirds of Dealers Waiting for First Clunker Check

DETROIT -- About two-thirds of dealers responding to an Automotive News survey this week have received no payment from the U.S. government for their cash-for-clunkers sales. Payment has been received for fewer than 3 percent of total deals, survey respondents said. The resulting cash crimp is hurting their dealerships, many dealers said. About one-quarter of the respondents said cash-flow problems are serious enough to put their businesses at risk or to require that they borrow money to cover the shortages.
Source: Automotive News


Clunker Delays Not 'Extraordinary,' Says Obama

President Barack Obama said [Thursday] that there have not been "extraordinary delays" in the processing of dealers' cash-for-clunkers claims and that the government has to be scrupulous in reviewing them to avoid fraud. "This is actually a high-class problem to have -- that we're selling too many cars too quickly, and there's some backlog in the application process," Obama said in a radio interview released by the White House.
Source: Automotive News