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Originally Posted by dc_dux
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I read something about that recently. Wonder if all these southern senator's will be looking for tax breaks or other back door bails out for the transplants?
You're absolutely right. If John and a few 1000 co-workers loose jobs at WAMU they're not buying lunch at the corner deli anymore, which causes Stan to close up his deli business, which causes a slow down with all of Stan's suppliers so they lay people off and now most these people are at risk of losing their home and none of them are going to go car shopping anytime soon. At this point I really see it as a ball rolling down a hill. I wish I knew how big that hill is and where on it the ball is currently.
I woke up this morning and as I sit here drinking my coffee "Morning Joe" is telling me today's jobs report is likely to show another 1/2 million job loses last month. That's two months in a row. I don't know exactly how these numbers are done but given it's the Christmas, err I mean Holiday season (Damn almost forgot all about our war on Christmas, sorry lack of coffee,) I wonder if season work is included in those numbers. I always thought unemployment went down every holiday season because so many people hire tempts to cover increased business.
Also what do you make of GM closing down the Volt engine plants? Does that make any sense? Why not close out plants that are making cars no one buying?