Word: carred
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...quickest way to help the auto industry would be to make sure that no one in the U.S. defaults on a car loan. Certainly the government could make sure that people who are employed and do not have a history of being deadbeats get a portion of their car loans paid. When cars are repossessed and go onto the market to be sold as "used," that drives down the entire market for similar vehicles. A surfeit of well-maintained cars available at prices well below new ones undermines the ability of Detroit to get its sales back up without having...
...Like all government-assistance programs, a car-owner-assistance program would eventually cost taxpayers money. An agency, probably part of the Treasury, could give banks the money to help qualified car buyers keep their vehicles. A man sitting in his house looking out the window could see a car he is helping to pay for sitting in the next-door neighbor's driveway. A really clever car-loan bailout program would allow the taxpayer to use his neighbor's car as compensation for his higher taxes. (Read "Four Steps to Ending the Foreclosure Crisis...
...Greek immigrant cook, died of a heart attack a year after her mother died of cancer. Another tragedy brought her to elective office in 1973, when she filled the seat in Maine's house of representatives that was left vacant by the death of her husband in a car accident. Her second husband, John McKernan, was a colleague of hers in both the legislature and U.S. House; he later became Maine's governor. Snowe replaced George Mitchell when he retired from the Senate in 1994. Collins, 56, was one of six children in a politically active family in Caribou...
...Senate chamber. South Carolina Senator Lindsey Graham noted that Collins' negotiating skills helped turn an $819 billion House bill into an $838 billion version in the Senate. "I like them both," he told the New York Times, "but I wouldn't want them to buy me a car...
...cuts and 65% in spending, including more than $150 billion for infrastructure projects. The conferees removed $68 billion in business tax cuts that would have let companies write off recent losses, and a home-buyers' credit of $15,000 was reduced to $8,000. A provision to help car buyers write off their interest payments was also reduced, to $2 billion from $11 billion. The bill does include a $70 billion annual Alternative Minimum Tax relief patch to prevent millions of middle-class Americans from getting penalized by a measure that was originally targeted at the rich. Reid on Wednesday...