When a bad jobs report comes out, Wall Street takes a dive. Well-paying jobs provide the disposable income that supports the American market. No jobs, no market! Obama promises over a million green jobs. If the auto industry goes down, that means the loss of well over a million jobs in the US. Green is good, but those jobs would be a fraction of the jobs needed to support the American market. We may be heading toward or in a depression. But any loss of jobs accelerates the process. These people don't have a clue!
Pervis James Casey
Dec 18 2008 - 4:34pm