Having the Saturn deal fall through is truly another blow to American jobs and The American automobile business. It was reported that this is the loss of another 13,000 jobs. I suspect that is direct jobs. The multiplier for total jobs (direct and indirect)in the auto business is reported to be somewhere between 3 and 9 times the direct jobs....you do the math. It is truly too bad to lose this grand experiment.
We at Savingpontiac.org find it amazing that our government can spend or commit around $19 Trillion, as reported in Newsweek, for the bailout and send 91% to Wall street and banks but refuse to further support direct and indirect jobs in the main street economy. I am hopeful that with Pontiac we will see a different outcome.
Have a Great Thursday!!
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