Jedard-Where did you get this article?
The layoffs are continual, look at the news/blogs you can find layoffs everyday. Wait until next year when the credit cards bankruptcies increase. As a taxpayer you can't even find where the $700b is going. Obama has inherited a mess. Being from Chicago, I'm glad he got elected but I honestly don't think his four years will lead to success in the economy. The situation will get a lot worst before it gets any better. The damage to come will last at least a decade. As far as bailing out the automakers that won't help either. They could stop building cars and still have a surplus. Or better yet only have max 10 cars per dealer like here. It seems like the US is following in Britain's footsteps. I believe Britain bailout some automakers in the 1970s and the companies still went bankrupt.