Shutting down GM, Ford & Chrysler downloads job loss to all primary and secondary suppliers along with car lots, sales. Those millions will not have income to support their mortgage, debt & purchase power. Talk about trickle down!
No matter where we live, this is the global economy and we're all feeling the American financial tsunami. The bank bailout hasn't done squat as it hasn't filtered to average person. There were no requirements for the banks to circulate $$$. There will need to be co operation from management and unions to get the auto sector back on track. It takes 5 yrs for an idea to become a reality in the auto sector.
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