Did you Know — The auto industry has one of the largest economic multipliers of any sector of America’s economy, and is sufficiently large that its growth or contraction can be detected in changes in the U.S. Gross Domestic Product (GDP) … Well, now you know.  Despite efforts to restructure, improve quality, and provide fuel efficient vehicles — America’s auto industry is facing a collapse.

Did you know — GM, Ford and Chrysler employ around 239 thousand Americans. Or that 775 thousand retirees are collecting pensions from these same companies. Well, now you know.

Currently the U.S. Auto Industry provides for 2 million people’s healthcare.

In the event of a collapse, the waves will go far.  The U.S. Auto industry health is not just felt in Detroit or the Midwest.  Think of suppliers -  in 2007, the auto industry purchased $156 billion in parts and other related materials and services from across 50 states.  Those suppliers employ 610 thousand workers.

Stats suggest — if the auto industry collapses the government will loss 60.1 billion in 2009, 54.3 billion in 2010 and 42 billion in 2011 which is a total tax loss of 156.4 billion over three years.

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