In Defense of Cash for Clunkers
As much as it pains me to defend the Obama program, I have trouble mustering sympathy for the auto dealers, impatiently awaiting reimbursement from the US Government under the Cash for Clunkers deal. And it’s not just because I regularly have to wait 6-8 weeks to receive that $50 rebate from Fry’s or Staples.
No, it’s because I used to work in the auto industry and I remember purchase orders that allowed up to 120 days (4 months) for payment after billing.
So I won’t be feeling too much pity until at least November.
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