(T)he administration needed to put a halt to the program to avoid surpassing the $3 billion funding level. Consumers were on pace to exhaust the program’s coffers in early September and dealers have complained about long delays in getting reimbursed for the car incentives.

Cash for Clunkers has succeeded brilliantly

In other words, so many people took advantage of the CARS program that it’s out of money and the government couldn’t keep up with demand. Just two days ago, GM announced they would be calling back some laid-off workers because of this program.

Who said stimulus spending wouldn’t work?