Jeffery Reed is part owner of It Makes Life Better, which offers weight loss products and several business opportunities.He is also an avid sports fan and a Software Engineer.
According to several source, including CNN Money and the Wall street Journal, the cash for clunkers program is wildly popular, but there is lots of confusion surrounding the program. it's hard for me to image, but it appears that he program has gone through $1 Billion in one week $4,500 at a time.
The Obama administration has promised that any deals already written will be honored. The National Automobile Dealers Association is still advising it's members to be cautious. Although another $2 Billion has already been marked for the program, they are being cautious because until it is actually in hand, something could always happen. Evidently, if they make a deal, they have to honor it and because they have to mark the traded in vehicles as permanently inoperable, they can get stuck with a vehicle and no money.
The plan is designed to help jump start the economy and get some of these gas guzzlers off the road and I doubt very seriously if the new money does not get there.
President Barack Obama, during a brief White House address on the economy, said Friday that the clunker program "has succeeded well beyond our expectations and all expectations." His administration and Congress, he said, were "doing everything possible to continue this program."
The program was designed to last through October, but it's obvious that at this rate, it won't make it through August. One thing that you can say is that the automotive industry should have gotten a big kick from this program.
- Related Articles
- Related Q&A
- Cash for Clunkers
- Cash For Clunkers: Complicated Guidelines Explained
- Cash For Clunkers: A Short Term Fix For A Long Term Problem
- Cash for Clunkers Bill - Buy a New Car and Save
- Cash For Clunkers: Good Or Bad Idea?
- Cash For Clunkers - Crash Course or Successful Campaign?
- Cash for Clunkers: Help or Hurt?
- Cash for Clunkers Set To Disappoint - BIG TIME
Beginners Guide For Remote Control Trucks
By: Chris Azzari | 26/11/2009You've been giving some serious thought about dabbling with remote control vehicles as a hobby and your attention is pretty much focused on getting a beginner remote control truck. The only problem is this is your first time and you don't have a clue what to look for. Granted, the...
The Dreaded Traffic Jams
By: Brenda Williams | 26/11/2009No one likes to sit in traffic jams. However, if you live anywhere near a metropolitan or city-type area, traffic jams aren't just inevitable; they seem to be part of your daily routine. Recently, I moved into a new apartment in a different town. Since moving, I...
Very Tiny Cars
By: Brenda Williams | 25/11/2009The other day, I was driving on the highway and was passed by a yellow Smart Car. Approximately two to three minutes later, a blue Smart Car passed me. It seemed a little ridiculous to me, and I had to laugh. There I was, driving down the highway in my...
I Have Bad Credit and I Need a Legitimate Car Loan Online With No Down Payment!
By: Jason Lanier | 25/11/2009Are you looking for legit auto financing with no down payment? This article can help you - read more...
Should I Get a Cold Air Intake
By: catherine preth | 25/11/2009Tips for easy horsepower for your baller ride. Cruisin'!
Should I Get a Cold Air Intake
By: catherine preth | 25/11/2009Tips for easy horsepower for your baller ride. Cruisin'!
Auto Membership Offers Benefits That Eases Daily Living
By: Adrianna Noton | 25/11/2009Every year, our roads and highways are becoming more crowded with millions of vehicles. As well, many people are choosing to travel long distances by car. We no longer travel close to home, and work often involves road travel at all hours of the day and night. Our increasingly more...
Rear Sway Bar Installation Tips
By: Kasan Groupe | 25/11/2009The rear sway bar on your car is one of the most important parts of the vehicle's suspension. Use these quick tips help you out if you are doing this install on your own vehicle.
Cash for Clunkers
By: Jeffery Reed | 01/08/2009 | AutomotiveThis is my interpretation of several sources including the Wall Street Journal and CNN Money on what they have to say about the cash for clunkers program.
Steve McNair's family after his death
By: Jeffery Reed | 13/07/2009 | FootballThis is a short description of my opinion and views on what happens now that Steve McNair is dead and has been buried.
Natural Health and weight loss supplements
By: Jeffery Reed | 05/07/2009 | Supplements & VitaminsWhich Supplements can you trust, hydroycut has been taken off the market and ACAI is associated with a scam. Who is left.
Steve "Air" McNair
By: Jeffery Reed | 05/07/2009 | FootballMy brief encounter with Steve air McNair at an airport
My weight loss supplement experience
By: Jeffery Reed | 04/07/2009 | Supplements & VitaminsI entered a weight loss contest with a top prize of $15,000. I still have a good chance to win, but here is a summary of my experiences.
King David's Consequences for not Being Accountable
By: Jeffery Reed | 26/07/2008 | AdviceKing David was a man after God's own heart, but he sinned and had to pay the consequences although he finally repented. The lessons apply to us today
More Consequences for King David. Don't Compound a Problem by Continuing to Sin
By: Jeffery Reed | 26/07/2008 | AdviceIf you make a mistake, stop the damages. Don't try to cover it up and do more harm for yourself. The story of King David.