The "Cash for Clunkers" program at Missouri car dealers is grinding to a halt only a few days after it started. The billion dollars intended to underwrite the program for three months has just about run out in the first week.
The United States House has voted another two-billion dollars for the program. Missouri Auto Dealers Association President Sam Barbee says it’s good news—although he has some misgivings.
"I think it’s good news but I think from the citizens-taxpayer-human front, these things have got to end," he says. He expects the Senate to "beat things up pretty good" next week. Barbee says Missouri dealers are likely to delay making any more deals under the program until the money is guaranteed.
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