
In essence, lured by cheap gas, and five-, six- or even seven-year loans, you willingly signed up for the vehicular equivalent of a subprime mortgage.

“By the time there is panic, people need to realize this: There is no quick-fix on this. By the time you panic, it is way too late.”
Oh, and here’s a bit of ironical bitch-slap for you. David H. Obelcz, founder of the Chevy Avalanche Fan Club of North America, has sold his Avalanche.
And, as late as it is, one top-ranking elected official, GOP Sen. Pete Domenci of New Mexico, is admitting he made a mistake in the past:
“We were like everybody else,” he says. “We should have been more active on CAFE sooner.”
Dirty little non-secret, though, is that Pete feels free to say that because he’s retiring.
At the same time, Domenici doesn’t believe GM’s hype about the Volt, or anything else that’s coming from Detroit’s mouth:
“They talked a good research game,” he says. “But let’s face it, little was being done. They are suffering the consequences and could go broke just like the airlines.”
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