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Bailing Out the Auto Consumer

This is a great idea -

“…offer a 50 percent rebate check to every purchaser of a new, American-made car produced by any auto company that signs up for a voluntary restructuring program with the federal government. The rebate would be paid by the Treasury Department, and then exchanged for preferred stock in the company that produced the car.”

We’ll probably be in the market for a car in 2009. With a deal like this I might even buy an American car, instead of going with the high quality/low cost strategy I usually adopt.

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