Perhaps the loss of approximately 1.74 million jobs nationwide would allow for a little educational lesson for the respondents. That's what we get with the "Big Three" going down in a "Big" way. So far, the bailout plans have only been focusing on the financial sector and not the manufacturing sector.
Unemployment is already being anticipated, by economists, as climbing up to 8 per cent during this present recession. I would say, a very conservative estimate. JPMorgan is slashing 9,200 jobs in 2009. A drop-the-bucket compared to losing 1.74 million, wouldn't you say?
Sincerely, George.
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