Though I couldn’t give two shits about a car dealership closing in Sioux Falls (in case you have not noticed they are like pimples on a teenager’s ass in SF) the affect the major closings across the country will have on our economy and job market in the this country will be staggering. So why haven’t we heard one single freaking word from the politicians in Washington? Because we know who they protect, the execs at big banks not Joe the worker. I have felt that it would have been wiseer to bailout the car companies instead of the banks. The banks don’t employee nearly as many people, and the smaller banks who are not struggling would have divided them up and in essence eliminated the monopolies. It would have been good for everyone involved. Unfortunately for the auto industry, when they fail they have a huge ripple effect. This is just an example of ONE dealership owner;
(CBS) Tammy Darvish owns 18 car dealerships, most of them in Maryland. Two were dropped Thursday and she’s waiting for word on a third. Three hundred people stand to lose their jobs, and 233 local vendors stand to lose business, reports CBS News correspondent Nancy Cordes.“It could be a cleaning company, it could be towing companies, companies that we buy our tires from,” Darvish said.
So I ask again? Where is Washington on this crisis? Ironically asleep at the wheel.