A Three-letter word: J-O-B-S

November 17, 2008 at 4:06 pm | Posted in Economy | Leave a comment
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“Directly and indirectly, the economic breadth and contribution of the U.S. automotive industry is deep and far reaching across the country. U.S. automakers directly employ approximately 355,000 American workers and indirectly employ nearly 5 million additional jobs through related industries that are dependent on auto manufacturing, sales, and related activities. Over the last two decades, the automotive industry has invested nearly a quarter of a trillion dollars in the U.S. and is among this country’s top industries for R&D spending. Automakers also are among the largest purchasers of U.S.-manufactured steel, aluminum, iron, copper, plastics, rubber, electronics, and computer chips.”

If that doesn’t tell you all you need to know about why taxpayers need to step up and bail out the automakers, go read the full post over at Driftglass.

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