This Country Has No Idea What Losing Millions of Auto Jobs Will Do To All Of Us....

[Blackhatjack]

Any way you cut it, the 'ripple effect' is going to be devastating. Employees, suppliers, dependent businesses, local businesses, etc.

We are in big trouble, because along with the loss of jobs there is a pulling of credit card and home equity loan credit lines.

The foreclosure crisis is only one aspect of the trouble coming down the pike....

[POAS]

1. It will even impact on foreign manufacturers

with plants in states like Sen. Shelby's Alabama.

Many second and third tier suppliers to the Big-3 also supply parts to Toyota, Honda, VW and Mercedes. As those suppliers go under the supply chain to those companies will begin to dry up.