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Demsrule86

(71,537 posts)

62. It didn't have to be this way...

Reply to Thekaspervote (Reply #25)

Wed Mar 29, 2017, 05:49 PM

Mar 2017

The layoffs in GM were announced the day after Trump won.

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Just wanted to post this.I have a been an auto workers wife for years. We are headed for recession. [View all] Demsrule86 Mar 2017 OP

Decline may be limited to autos Cicada Mar 2017 #1

No, autos saved us from the great recession. Demsrule86 Mar 2017 #2

The first positive sign of recovery was when Obama did the 'clunkers' exchange... Demsrule86 Mar 2017 #4

Do not forget the trigger of the Great Recession... Moostache Mar 2017 #7

You are exactly right...there will be something... Demsrule86 Mar 2017 #33

Look to recent gas riots in Mexico. They don't make enough to pay notdarkyet Mar 2017 #36

Mexican workers for my hubs new job...are paid very little. Demsrule86 Mar 2017 #76

And rolling back environmental regs. in order to pump up oil is the beginning. nikibatts Mar 2017 #55

They will play games with the pricing and it will do just what it did last time... Demsrule86 Mar 2017 #77

Thank you for your post, Cicada. I follow the market closely. I Alice11111 Mar 2017 #9

We don't have much debt thankfully. Demsrule86 Mar 2017 #34

But many companies do, and individuals, and they Alice11111 Mar 2017 #87

We feel the same as you, Wife and I pulled our IRAs out of mutuals a couple of weeks ago Canoe52 Mar 2017 #92

Yes, i would rathet not lose than miss the chance to gain Alice11111 Mar 2017 #99

That is unlikely. The car is the major purchase most likely to be deferred Warpy Mar 2017 #40

That is true... Demsrule86 Mar 2017 #52

My heart goes out to your son. nocalflea Mar 2017 #3

Well he admitted if he doesn't get a transfer, Demsrule86 Mar 2017 #5

When I see "4000 laid off " I think nocalflea Mar 2017 #11

There are 8000 laid off now at Gm.. Demsrule86 Mar 2017 #39

4000 laid off recently? That speaks loudly. Alice11111 Mar 2017 #12

Lordstown went down a shift in February... Demsrule86 Mar 2017 #41

One plant having layoffs does not represent the entire industry MichMan Mar 2017 #84

I spoke of the plant in Ohio but there have been layoffs in other plants as well... Demsrule86 Mar 2017 #86

Sales are still strong compared to previous years MichMan Mar 2017 #88

I spoke of one plant...but there are others Demsrule86 Mar 2017 #89

Thank you for your kind words. He called me sobbing. Demsrule86 Mar 2017 #56

The Used Car Market Crashed last week. Wellstone ruled Mar 2017 #6

I think the impact of UBER and LYFT is far greater than the auto industry... MANative Mar 2017 #8

We have neighbors who have family acconts with Uber. Wellstone ruled Mar 2017 #13

IMO Uber is marketing to the wrong people crazycatlady Mar 2017 #27

Same for us, Wellstone ruled Mar 2017 #35

yes but --Uber is convenient and cheaper than Taxi Le Gaucher Mar 2017 #37

That is a significant savings, however rusty fender Mar 2017 #90

I think they don't buy cars because they can't afford cars. Demsrule86 Mar 2017 #78

You're not wrong in that. n/t MANative Mar 2017 #94

Yeah...it is going to get rough I fear... Demsrule86 Mar 2017 #42

I heard that...which means decent late model cars will be cheap so Demsrule86 Mar 2017 #53

Going to get ugly real quick in the Iron Business. Wellstone ruled Mar 2017 #63

The first job my husband got w after retirement was a steel job but steel went Demsrule86 Mar 2017 #79

You have THE Largest in the nation? Really? How do you come to that conclusion? A HERETIC I AM Mar 2017 #82

A lot of cars coming off lease now MichMan Mar 2017 #85

Again it is the less Wellstone ruled Mar 2017 #95

Baltic Dry Index supports what you are saying as well. Pharlo Mar 2017 #10

It has been about ten years...we can expect this Demsrule86 Mar 2017 #43

Here comes another Bush (Trump) depression for the working class workinclasszero Mar 2017 #14

republicans always create recessions and depressions Achilleaze Mar 2017 #15

The looters will be out in force...Trump's election gave them their chance. Demsrule86 Mar 2017 #44

They are back in business under Trump fleecing Main Street. Demsrule86 Mar 2017 #54

As day follows night, recessions follow when repugs are in the White House. Undisputable history. brush Mar 2017 #16

And then we have to bail them out... Demsrule86 Mar 2017 #45

We really have to stop this cycle...or we are going to have a real depression. Demsrule86 Mar 2017 #57

Repub formula of lowering taxes on wealthy to cut govt programs just does not work wishstar Mar 2017 #17

Gas went from $2.00 per gallon to $2.40 per gallon yesterday. Demsrule86 Mar 2017 #46

i see a wall steet crash coming. ekonomi theory based on beliefs, not pansypoo53219 Mar 2017 #18

I think so too. Demsrule86 Mar 2017 #47

It's coming. silverweb Mar 2017 #19

And if NAFTA gets scrapped or a border tax gets imposed it will get worse TexasBushwhacker Mar 2017 #23

I live in Ohio...and have been involved with autos as a big three wife for years.... Demsrule86 Mar 2017 #58

Agreed. silverweb Mar 2017 #74

We really have to clean house...or it will get really bad. Demsrule86 Mar 2017 #75

I heard on NPR that 80% of jobs lost during the post NAFTA period TexasBushwhacker Mar 2017 #108

Yup. silverweb Mar 2017 #72

Exactly right...there are still many jobs in autos or associated with autos. Demsrule86 Mar 2017 #48

I hope they weather this well. silverweb Mar 2017 #71

Thanks best wishes to you also...I feel bad for my kids...now Demsrule86 Mar 2017 #80

Yes, it is frightening. silverweb Mar 2017 #96

Same thing in the construction/architecture industry... Javaman Mar 2017 #20

I am just so over this shit...caused Demsrule86 Mar 2017 #49

Housing will be down...very worried. Demsrule86 Mar 2017 #59

I hope you work through this one, too. silverweb Mar 2017 #73

Trump Slump coming. Tourism industry was the bleeding edge. Takes time to ripple through economy. Bernardo de La Paz Mar 2017 #21

I own a tourist business in the Smokies mtngirl47 Mar 2017 #26

I know how you feel... Demsrule86 Mar 2017 #60

Tourism...is where people rent cars ... Demsrule86 Mar 2017 #50

Don't let the Dow fool you elmac Mar 2017 #22

Just from a cyclical standpoint, we are due for a correction TexasBushwhacker Mar 2017 #24

Wall Street is gamblers club and it's success does not do much Demsrule86 Mar 2017 #61

Yes, the travel industry will s taking it on the chin! Thekaspervote Mar 2017 #25

foreign travel to the US is down dramatically crazycatlady Mar 2017 #30

It didn't have to be this way... Demsrule86 Mar 2017 #62

The other industry to watch is the airlines. The Velveteen Ocelot Mar 2017 #28

Someone just posted about Alegiant ...they are cheaper than some and usually Demsrule86 Mar 2017 #64

Yikes underpants Mar 2017 #29

My brother follows financial MFM008 Mar 2017 #31

I hope I am wrong and your brother too...but I think that is accurate... Demsrule86 Mar 2017 #65

That bad? Dawson Leery Mar 2017 #98

Mexico Autos Output Soars as Trump Administration Settles In mahatmakanejeeves Mar 2017 #32

That is a real sore subject... Demsrule86 Mar 2017 #66

I work Tier II Jimbo S Mar 2017 #38

My son is tier II also... Demsrule86 Mar 2017 #67

The economic figure to follow is the "velocity of money". roamer65 Mar 2017 #51

I always thought if we had true recovery from 08, we would have some Demsrule86 Mar 2017 #68

There is still inflation. roamer65 Mar 2017 #93

There is no inflation? Then how come my rent and groceries keep going up? raccoon Mar 2017 #103

We have been in a deflationary cycle since 2008 and part of 2007. Demsrule86 Mar 2017 #104

Box Industry is often a tell tale sign.... Xolodno Mar 2017 #69

I hope you are right. Demsrule86 Mar 2017 #70

Are you sure it's not just saturation? Calculating Mar 2017 #81

Let me guess this will be the Obama Recession samplegirl Mar 2017 #83

Well damn. Thanks for the heads-up, and good luck to your son. Hekate Mar 2017 #91

Besides the auto industry retail stores have been dropping like flies doc03 Mar 2017 #97

You can feel it in the air. A correction is coming, and probably a recession. Oneironaut Mar 2017 #100

'recession with the GOP in charge' elleng Mar 2017 #101

Trump is the worst of the lot...thus it is terrifying. Demsrule86 Mar 2017 #105

UTTERLY terrifying. elleng Mar 2017 #106

Thank you for telling us, Demsrule! Cha Mar 2017 #102

If that's true, then I feel bad for Syria and North Korea Orrex Mar 2017 #107

K & R malaise Apr 2017 #109