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On Thursday, the Senate passed a “Cash for Clunkers” bill that would give car buyers an incentive to take in their cars and get a new or used car. So, what exactly is this “Cash for Clunkers” bill and how will it affect you?
Well, if …

7,500 workers equals to about 12 percent of GM’s total workforce (not including other manufacturers in the supply chain, of course).
GM’s incentive to retire early was $20,000 and a $25,000 voucher for the purchase of a car.
The workers who put in their early retirement …