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> "You can't just make money on SUVs and trucks," Obama said during a town hall forum in Cannon Falls, Minn. "There is a place for SUVs and trucks, but as gas prices keep on going up, you have got to understand the market. People are going to try to save money."
Carmakers got a bailout. The government IS a shareholder in those companies. Carmakers insist in making large vehicles. That is fine. However, crude oil is at $80-$100 per barrel with the economy in tatters. What will happen to the price of oil when the economy recovers? We will see $200 crude, and $8 per gallon of gasoline. In the meantime, the car industry insists on building big cars as if nothing is going to happen. That only means that YOUR tax dollars will be peed down the drain because carmakers will be unable to compete with cheaper, smaller and more economical Korean and Japanese cars. The sooner carmakers make the change, the better prepared they will be to pay back the tax dollars they received in the bailout.
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