"Keith nuttle" wrote in message
...
I believe this underestimates the effect. While the loss caused directly
by the personnel working for the big 3 maybe only 4%. There are other
losses that are not being considered. In an area like Indianapolis there
are many business that are dependent on the auto industry. The prepared
food industry will be hit hard as layoff will directly effect them.
There are similar industries that will be effected that are several
generation removed from the company manufacturing cars.

Yup.

The other cost is a general cost. When polosi caused the failure of the
first bailout bill the market lost about 30% in 15 days. The market has
not recovered. I have seen data indicating that if the auto industry is
not bailed out, the stock market will loose another 2000 points. As I
remember about the time of polosi's tantrum, 401k plans had lost nearly 4
trillion dollars. With the subsequent losses in the market it is many
times that in all of the companies that have been effected by the
democrats bad mortgages, and the lack of credit.

Don't be a dope. McCain solved the economic crisis, despite Pelosi. LOL

--
"j" ganz @@
www.sailnow.com