How is it going to affect you? A few numbers to think about...
The consequences of the domestic auto industry collapsing would far exceed the $25 billion loan needed to bridge the current crisis. According to a recent study by the Center for Automotive Research:
• One in 10 American jobs depends on U.S. automakers
• Nearly 3 million jobs are at immediate risk
• U.S. personal income could be reduced by $150 billion
• The tax revenue lost over 3 years would be more than $156 billion
If you want to write your state reps you can go to GM Facts and Fiction and click on "I'm a Concerned American" and send an email.
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