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On September 29, 1993, President Bill Clinton, Vice-President Al Gore, the chief executives of G.M., Chrysler, and Ford, and the head of the United Auto Workers gathered in the White House Rose Garden to talk about cars. Clinton opened his remarks by reminiscing about his first--a 1952 Henry J that his stepfather had salvaged from a fire--and then about one of his "most prized possessions": a 1967 ice-blue Mustang convertible. "I think when I left my home it was the thing that I most regretted leaving behind," he said of the Mustang. "The other people who drove on the roads in my home state, however, were immensely relieved.
"I think that all of us have our ...