So the money went fast, very fast and with a lot of confusion too. But now President Obama has signed a bill to add another 2 billion dollars in emergency funds to the program.
The additional funds come less than a week after confusing and conflicting messages about the program’s possible termination from the White House and the Department of Transportation. The latest action by the Senate makes it clear that the government wants to see the highly popular program continue. The money will be taken from part of the $787 billion stimulus package approved earlier this year.
Great news for consumers and auto recyclers – keep this program rolling!! I like to see stimulus money spent this way instead of lining the pockets of fat-cat execs.