This very interesting map is from The Economist and one of my favorite people, manfrommiddletown.
The Economic Policy Institute has a new report out today about the economic impact of an auto industry collapse. A previous report by the Center for Automotive Research (CAR)estimated that a total collapse of the big 3 would result in the loss of almost 3 million jobs, and $554.6 billion(4% of US GDP) in economic losses. What was missing was a state by state breakout. I’ve mocked up the state by state job losses consequences of a GM only collapse, and what would happen if the big 3 all failed.
So while AIG pays bonuses, gives raises, and sponsors sport’s team, Harry Reid and our limp dick useless Democrats continue to fiddle while the real economy burns. With friends like these, who needs enemies.