U.S. Lawmakers Consider 'Cash for Clunkers'

[GeneW]

Through late Wednesday, 22,782 vehicles had been purchased through the program and nearly $96 million had been spent. But dealers raised concerns of large backlogs in the system, prompting the suspension.

$96,000,000/22,782cars = $4213.85 per car. We know that's not the case since Administrative costs are probably part of this $96,000,000, the Gov't doesn't work for free.

What mystifies me is why this program, for it's "success" (roughly a day's worth of 2006 sales in the US, stated in Wikipedia at 7,667,066 cars.. http://en.wikipedia.org/wiki/Passeng..._United_States ) is being "suspended".

I don't consider a day or two worth of 2006 sales to be a "success", maybe a good start but not a success.

Gene