It was reported on Fox News tonight that the Obama administration now has a staff of 1100 people in place to coordinate the disbursement of funds to the dealers. So months after the program is introduced, people are hired to manage the program.

Great. And the reason they weren’t ready and able from the get-go was, what?

Brought to you by the same people who want to manage a trillion dollar health care program.

There’s going to be a lot a corpses laying around. Invest heavily in lime folks.

fogw on August 19, 2009 at 9:46 PM

1,100 jobs? has anyone done the math for that? sure, the messiah can claim his program has created 1,100 new jobs. bravo!!! but is this money budgeted in the cash for clunkers program? if not, are they being paid from cash for clunkers money? or is it just adding to the deficit spending william buffett strongly warned us in todays new york times?

let us say, that these 1,100 jobs aren’t that well paying. oh…they are on an average gov’t payscale of gs-3. i know next to nothing about what an entry-level job starts at for the gov’t (only time i collected a paycheck from uncle sam was when i was in the navy). i only say gs-3 because it isn’t gs-1, which to me would mean “high-school or ged.” gs-3 to me says, “some college.” gs-3 on a step 1 (i’m guessing “steps” are seniority/promotions?”) makes $20,911 a year. now the fun part…math!!!

$20,911 / 12 equals $1,742.58 per month per employee.
there are 1,100 employees.
$1,742.58 x 1,100 employees = $1,916,838 per month being paid to 1,100 cash for clunkers claims processor.
the rebate for trading in a car is $4,500.00.
$1,916,838 / $4,500 = 425,964 claims that maybe cannot be paid out per monthIF cash for clunkers ISpaying these (probably temporary) employees. of this is true, no wonder dealers aren’t being paid. it’s just a scam, to hire a thousand or so workers, to say that because of our program, we’ve CREATED 1,1OO new jobs!!

now maybe these temp jobs are on an hourly pay schedule, and it isn’t that much. nevertheless, i’m sure it adds up fast, and quite possibly taking money away from auto dealers.

if that is not the case, than relax!! it’s just adding a tiny itsy-bitsy to the deficit. what can go wrong?

photoboy74 on August 20, 2009 at 7:59 AM

now that the white house is reported to be phasing out the cash for clunkers, i just can’t wait to see what wonderful promotions gov’t motors comes up with for the auto industry!!!

do you think gov’t motors will announce availability and start taking orders for a new car before the factory line has geared up for production?

photoboy74 on August 20, 2009 at 1:44 PM