Will the senate approve funding the "cash for clunkers" program? Make your predictions

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LaHood has said "Any deal that is made (Monday) or the next day and that is in the pipeline, ... the dealer will be reimbursed and the car buyer will be reimbursed." I am trying to decide if I should haul ass and trade my clunker in for a Ford Fusion hybrid. On one hand, I really don't have the time to do it and I am having trouble finding the Fusion hybrid I want. But on the other hand, I think the senate won't pass this. All I am hearing about is senators who are against it. So... what do you think will happen? More info here...


‘Clunkers’ $2 Billion Infusion Depends on U.S. Senate Vote

By Holly Rosenkrantz and Angela Greiling Keane

Aug. 2 (Bloomberg) -- The future of the U.S. “cash for clunkers” program depends on the Senate backing a $2 billion infusion this week, with at least one Republican saying he was going to try to block the effort.

“We’ve got to slow this thing down,” Senator Jim DeMint, a South Carolina Republican, said on “Fox News Sunday.”

The House voted 316-109 on July 31 for an emergency measure adding $2 billion to the program aimed at reviving U.S. auto sales, after a burst of demand exhausted most of the initial $1 billion in less than a week.

Transportation Secretary Ray LaHood said in a C-SPAN interview Sunday he expects the current $1 billion in funding to be gone by the end of the weekend. The administration will continue the program until the Senate acts, and dealers will be reimbursed for deals in the pipeline, he said. The government will make a “good-faith effort” for transactions beginning tomorrow, he said.

http://www.bloomberg.com/apps/news?pid=20601103&sid=a.7uQd.rfHSI