Rumors (and they're just that...rumors) are popping up everywhere saying that the Cas-4-Clunkers program is actually a rip-off, where you will actually lose money you could have gotten for your trade-in. Anyone know if there's any truth to that?

Bottom line cash for clunkers was another redistribution of other peoples money. People say it worked, it stimulated the market. What it did was rob sales from the next 90 days of business. People who would be buying in the fourth quarter took advantage of it. Now dealers will see a drop in traffic and the government is holding up the dealers money which has caused a cash flow problem for several dealers nation wide. Government should let the market fix itself.