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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: lurqer who wrote (13559)	2/26/2003 3:03:52 PM
From: Jim Willie CB	Respond to of 89467

exactly, you bet, agreed 100% the UAW labor contract comes up this June, so I read I expect a widespread nasty labor strike which will alleviate some of the excess inventory I expect 200,000 layoffs which will have a huge effect on consumer spending then in several months, some talk about nationalization since the layoffs will only increase as long as the car industry is mired in a situation where it is cheaper to sell a car at 0% down and 0% interest (even with some cashback), making a negligible profit... than to lay off the 3.5 workers who build that single car, THIS INDUSTY IS GOING TO HELL first from making no money, while servicing its debt second from the cost of laying off workers third from the deadly pension costs (income + health) this car sector is destined for ruin / jim