By all measurements, the U.S. government program called "Cash For Clunkers" has been a resounding success. Ever since Barack Obama became the 44th President of the United States, he has search for a way to get American consumers back into the showrooms of nationwide car dealers and finally one of his ideas has paid off big time. Now for the bad news. In less than a week the government allocated $1 billion has been spent, which proves that Congress and President Obama were both behind the eight ball when it comes to understanding how popular this program would be with the American people. Today, Members of Congress are trying to pass legislation which will increase the amount of money that is available for the "Cash For Clunkers" program. Even though it is possible that the $1 billion of government money allocated for this program has already been spent, President Obama said today that anyone who trades in a vehicle that qualifies for the program this weekend will still be eligible to receive a government rebate between $3500 - $4500.

Cash For Clunkers