big 3

EPI: If Big 3 Fail 18% Unemployment in Michigan

The Economic Policy Institute has a new report out today about the economic impact of an auto industry collapse. A previous report by the Center for Automotive Research (CAR)estimated that a total collapse of the big 3 would result in the loss of almost 3 million jobs, and $554.6 billion(4% of US GDP) in economic losses. What was missing was a state by state breakout.

Give Them The Money

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Give Them the Money!

Who am I talking about?  Why the United States Auto Manufacturers of course.

America, you've got it all backwards. The outrage should be directed at the financial bail out, not at the automobile manufacturers.

A poll says 61% of Americans oppose the bail out of the auto industry and Senate Majority Leader Harry Reid says the Auto Bail Out bill is dead, they don't have the votes.

More interesting in the poll, people do not believe the collapse of the auto industry will affect them. Well, I have news for you, it will affect you, probably more than you can imagine.