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Cash for clunkers but no dollars for diners...
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[quote user="CMStPnP"] <P>This cash for clunkers program is a waste of money. Most Americans are in late model cars, debateable that it's worth the tax money spent on the reduction in fuel economy. I think it would have been better to expand the tax credit for hybrids or alternate fuel cars. Just my two cents though.</P> <P>As for High Speed Rail. Believe it or not it is Amtrak arguing for the go-slow incremental approach. I think Joe Vranich argued fairly effectively why such an approach means Amtrak will never achieve the goal of truely High Speed rail. Heck they even converted the Obama administration already. Before entering office POTUS defined High Speed Rail as bullet trains like what was in Japan, France and Germany. Now, however he is redefining the term to mean trains that run at 110 mph to 120 mph. He probably has a good idea now what can be achieved by the next election. <BR></P>[/quote][quote user="CMStPnP"] <P>This cash for clunkers program is a waste of money. Most Americans are in late model cars, debateable that it's worth the tax money spent on the reduction in fuel economy. I think it would have been better to expand the tax credit for hybrids or alternate fuel cars. Just my two cents though.</P> <P>As for High Speed Rail. Believe it or not it is Amtrak arguing for the go-slow incremental approach. I think Joe Vranich argued fairly effectively why such an approach means Amtrak will never achieve the goal of truely High Speed rail. Heck they even converted the Obama administration already. Before entering office POTUS defined High Speed Rail as bullet trains like what was in Japan, France and Germany. Now, however he is redefining the term to mean trains that run at 110 mph to 120 mph. He probably has a good idea now what can be achieved by the next election. <BR></P> <P>[/quote] According to a recent survey by R. L. Polk & Co, a premier Michigan based provider of automotive marketing and consumer information, the average age of American cars on the road from June 1, 2007 to June 30, 2008, was 9.4 years. This is up from 9.2 years for the previous period. Given these numbers, depending on how one defines a late model car, it does not appear that most Americans, depending on how one defines most, are in late model cars. </P> <P>It is also interesting to note that approximately two thirds of Americans buy used cars as opposed to new vehicles. The used car market is one of the most significant wealth transfer programs in the United States. The willingness of middle income Americans and above to trade their vehicles whilst they are in reasonably good shape has made it possible for most lower income Americans to own automobiles.</P>
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