Friday, June 20, 2008

Drivers wanted

MANIFESTO


It isn't only home mortgages that are upside down these days. David Dapice, associate professor of economics at Tufts, reports
High gas prices made SUVs and trucks less popular, and for many, the amount owed is worth more than the value of the vehicle itself.
In the last few days, both GM and Ford have announced that they're closing SUV and truck factories and even terminating development of the lines. This sounds a bit like closing the proverbial barn door, but there it is.

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