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Saturday, August 08, 2009

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A method of keeping up the prices is to subsidise the purchase of a new one while making sure your old one is clunkered as the Americans say. Senate opponents of the program, most of them Republicans, question its effectiveness and cost.
President Barack Obama signed a bill extending the popular program into Labor Day and preventing the 2-week-old incentives from running out, the White House said on Friday.
The Senate voted to refill the car incentive program on Thursday, tripling the $1 billion fund that has led to big crowds at once deserted auto showrooms.

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