Wednesday, December 17, 2008

the auto industry crisis...

Automaker bankruptcies would cost up to 3.3 million U.S. jobs
A shutdown would eliminate up to 3.3 million U.S. jobs within the next year in all 50 states and the District of Columbia. The loss of total state employment would be anywhere from 4.0% to 8.9% in Michigan, Indiana, Kentucky, Alabama, Tennessee, and Ohio (see Map). Traditional auto manufacturing states would certainly be hard hit, but Southern states—including the Carolinas, Mississippi, and Oklahoma—would be, too.
What if we had just increased our mileage standards a long time ago? Might that have made our cars more appealing? Or what if we fixed the health care crisis--which is pulling not just the auto industry down (here too!), but other corporations, and our long term budget outlook itself.

But unions get the hit. Nice to have a fall guy.

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