I hate hearing this.  So many jobs lost, and that affects the economy struggling to gain footage.  According to the AP, the number of new jobless claims rose from 605,000 to 637,000  this week.  Labor Dept. analysts had predicted that number to be 610,000.  Most of these jobs lost were in the auto industry, so this is more blood letting.  On top of that, Nike is going to cut 1750 jobs. 

 But hey, the nation’s barometer of consumer spending is hanging in there. WalMart posted "flat" this last quarter, but that’s better than posting a loss.

In the dealership employee losses alone, it is 150k in ‘actual job losses.’ A drop in the bucket right?  But then you have the supply chain; you will need less rig drivers to bring the vehicle carriers in; less people to process and send part orders; fewer mechanics easily accessible those who need them; fewer dealerships ‘trickle up’ a rise in vehicle prices (less competition).  Really…the market itself allowed poorly run businesses/dealers to fail.  Purposeful cut backs (after the bail out) are a further ruination.

This is major to our economy, not only the loss of dealership employees but loss to communities as a whole. GM said that they will be making more cars in Mexico and China, that’s nice no, one here will be able to afford cars if we don’t have jobs. The loss of car manufacturing will impact all the suppliers as well. I hate to say it, but I do believe we will see the great depression after all.

It won’t happen, Mel.   No depression for an economy that it recovering on its own.

What you will see is Mr. Filthy McNasty Inflation all because of Obama’s $11 trillion and rising debt.   Our country cannot sustain that kind of debt.   We’ve already wasted money on the stimulus and the banks but we’re still on the hook, as taxpayer’s to pay the debt.

Inflation will teach all of us what it means to "conserve."

If it were me that owned one of dealerships…I would be calling Toyota or Subaru and fill my lot with those cars…