The Car Connection [ The Web's Automotive Authority ]:
Umm...yeah. Awfully hard to rock that new Escalade for $50k in that service-economy job you had to get after your manufacturing and engineering jobs went to some other country. People have NO concept of how the economy works. Reasons my hometown is a wasteland: No primary employment. The only good jobs there are government jobs, and those don't provide fresh funds for the economy.
I work for a primary employer. I complain about it daily, but I'm proud to say we make things and sell them. If all those companies' jobs go offshore, we'll be in a death spiral in this country, especially for the middle class.
Consumer confidence dropped in February, as persistent worries about jobs undercut optimism about future prospects, according to the Conference Board, which reported its consumer confidence index dropped more than nine points to 87.3, following a rise in January to a revised reading of 96.4. "Consumers began the year on a high note, but their optimism has quickly given way to caution," said Lynn Franco, director of the Conference Board's Consumer Research Center. "Consumers remain disheartened with current economic conditions, and at the core of their disenchantment is the labor market." The lack of confidence also appears to have helped slow car sales, which fell below expectations in January and are sluggish again in February. Gary Lapidus, Goldman Sachs analyst, said in a note the shortfall in sales is pushing up both incentives and inventories sitting unsold on dealer lots. -Joe Szczesny
Umm...yeah. Awfully hard to rock that new Escalade for $50k in that service-economy job you had to get after your manufacturing and engineering jobs went to some other country. People have NO concept of how the economy works. Reasons my hometown is a wasteland: No primary employment. The only good jobs there are government jobs, and those don't provide fresh funds for the economy.
I work for a primary employer. I complain about it daily, but I'm proud to say we make things and sell them. If all those companies' jobs go offshore, we'll be in a death spiral in this country, especially for the middle class.
Comments
Post a Comment