This "clunker" program was the dumbest thing I ever heard of. People should have used common sense - why trade in a vehicle that was paid off to purchase a vehicle that gets only a few more miles per gallon? Think about how much more it is going to cost in the long run - higher insurance premiums, loan payments (if financed) and interest charges, and they will have to pay not only towards the $4500 they "received" back in taxes, but everyone else's $4500 that used the program. Just imagine the amount of gas they could have bought by not utilizing this program!
It's amazing too the amount of money the dealerships are waiting for now from the government. I heard yesterday that GM was going to front the money to dealerships and then they will wait for the government to reimburse them. It would have made more sense if GM would have just taken $4500 off the sticker prices on their new vehicles. This way this program would have only worked with American vehicles, and since the "government" now owns GM no money really would have exchanged hands. Also, no money would go back to Japan or other foreign car companies.