More Job Losses Ahead

I have not yet finished the book about our multiple bubble economy swirling down the drain, but I did state that I would write about devastating news if such occurred.  A loss of 25,000 jobs (and associated manufacturing industry) and the possible closing of 13 auto plants more than qualifies as ‘devastating’. PLUS, readers aren’t going to hear about this in the MSM because it relates to the Japan ‘quake, tsunami, and nuclear reactor meltdowns, and you know TPTB have put the meltdown under media blackout.

Toyota units partly shut down in US

Japanese automaker Toyota has announced a decision to close some of its production plants in the US due to shortage of parts after Japan’s disastrous earthquake.

Toyota’s spokesman Mike Goss said on Monday that shutting down some of the automaker’s plants in the United States is “inevitable,” AFP reported.

“We have communicated to team members, associates and dealers here that some production interruptions in North America are likely. It’s too early to predict location or duration,” Toyota said in a separate statement.

It is still unknown whether the automobile giant will shut down all of its 13 plants. However, the temporarily close-down will affect about 25,000 workers.

5 thoughts on “More Job Losses Ahead

  1. I was just saying to the wife how curious it is that we don’t hear about the haps in Japan all of a sudden. And she so astutely replied to me… “and Iraq, and Afghanistan, and the Gulf of Mexico clean up/drilling moratorium, and why we’re in Libya, and why the Fed handed out discount window bailouts to foreign banks, and why Libya has a new central bank, and, and, and… but we do hear about how the Republicans are shite and the tea baggers are mother f%#&@^$, and, and, and…”

    …and then it dawned on me… I married very well.

  2. I don’t think they limit it to one party(rep.) or tea party ,just anyone who asks questions and isn’t convinced by bullshit is in peril!
    were askin! was up!
    by the way buck-o sounds like you did make a good choice , me too!!

  3. If one is to look simply at the numbers of job losses “predicted”, confusion abounds. Car sales is a “funny business” one told me years ago, and he was so right. If vehicle sales are to give an indication of the Health of
    the Economy one should know the non-fleet sales statics, and those should be out soon.
    Our fragile economic climate, the value of the dollar, government regulation, gas prices, all influence the earning power of the Individual. We are a consuming society in the U.S., our jobs depend on it, and when that stagnates and inflation enters the picture …. we ARE in a “world of hurt” at all levels.

    We saw that in the Mid-West when the jobs left for a more desirable labor cost location, and all businesses suffered as a result. The restaurants, the home sales, and the global economy did help those who received those jobs. Yet it hurt most those who were used to it’s “prosperity”. Our U.S. economic vitality IS someone’s “lifestyle”, his marriage to, “Life, Liberty, and the pursuit of Happiness”. Choices have consequences for all today. I just hope Japan can move forward with Faith in it’s people to rise up once again and conquer adversity once more.

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