Honda says FU!!!!!!!!!!!!!
From the wsj:
DETROIT -- Honda Motor Co. said today it will cut North American production further, reduce pay of its salaried employees in North America, and for the first time, force its hourly workers to take unpaid leave, as vehicle sales continue to plunge.
The company will reduce output by 62,000 units over three months starting May 1, according to a Honda spokesman. Honda reduced cut production in North America by 204,000 units, bringing its unofficial total output 1.25 million in the fiscal year ending today.
If those salaried and hourly workers were living paycheck to paycheck(which includes approximately 75% of Americans), they will likely no longer be able to make their monthly payments.
Guess what that leads to?????
This doesn't stop until we restructure debt.....80% of America is vulnerable to going bankrupt.
The beat goes on and on and on.......do you ever get that feeling that someone is playing with your tra la la la??????