Depression Diary

GM BANKRUPTCY: END OF AN ERA!

"After years of losses, the troubled automaker is forced into
bankruptcy. GM is set to close a dozen facilities and cut more than
20,000 jobs.

General Motors filed for bankruptcy protection early Monday, a move
once viewed as unthinkable that became inevitable after years of
losses and market share declines capped by a dramatic plunge in sales
in recent months."

http://money.cnn.com/2009/06/01/news...ptcy/index.htm

Obama's plan to save GM: bankruptcy, $30 billion!

"President Barack Obama pushed a humbled General Motors Corp. into
bankruptcy on Monday and said the federal government will act as
"reluctant shareholder" when it assumes a 60 percent ownership of the
smaller carmaker that emerges."

(60% ownership? I would say the auto industry has been nationalized!)

General Motors to close sole Va plant!

Bailed-out banks lent less money in March!

Oregon nurseries seeing less green in the till!

Profits wilt for nursery businesses!

Nurseries no longer a growing business!

US consumer spending dips!

The Terrell Independent School District has voted not to renew a
contract with school busing company Durham School Services, prompting
Durham to close its Terrell facility and cut 53 jobs!

(Even the school bus drivers' jobs aren't safe anymore!

Double-A