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Politics : Politics for Pros- moderated

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To: Snowshoe who wrote (255193)	6/21/2008 1:14:22 PM
From: KLP	Read Replies (1) of 793805

Part of the reason that Americans have such bad credit is that many of the "younger than 50 crowd" think that $40-50k isn't as much money...These same people just think in terms of "how much does it cost a month" to buy? We used to buy cars on credit for no longer than 3 years....Now it looks like the payments are over 4-5 years, so people don't think how much they really are paying. IF they pay cash, they will realize how much money $40-50 is, and then, they aren't buying a luxury car. We will know Detroit is serious about making energy efficient new cars when the prices are between $20k and $30K..... Chevy Volt in the range of $40K-$50K

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