The change in New York's most congested real estate is an acknowledgment that the car culture that has gripped both the city and the country may in fact be, for the first time in half a century, beginning to retreat.
No one will pay a premium for fuel-efficient cars now that gas is again cheap, which means Detroit will be asking strapped consumers to pony up out of the goodness of their hearts. A gas tax is the answer.
Sen. Reid's new bailout bill for the Detroit Three does not set additional fuel-economy requirements, nor does it establish a government oversight board. That's two strikes against getting our money's worth.