I don't want to say I told you so - but, I TOLD YOU SO!
July 30, 2009 - 8:52 pm ET
WASHINGTON (Reuters) --The Obama administration will suspend a $1 billion program intended to spur U.S. auto sales after it surprisingly approached its funding limit after only a few days, government and industry sources said.
The so-called "cash for guzzlers" program authorized up to $4,500 to car buyers who traded in their gas guzzlers for more fuel efficient vehicles.
The program was expected to run through October, but the sources said the administration would suspend it within the next day.
Transportation Department officials had no immediate comment on the program that the agency administers.
The first government program fiasco is only the beginning! Remeber this wisdom - "Fool me once - shame on you. Fool me twice shame on me! Fool me three times - and can you say OBAMA!