uh oh, chrysler closing ALL plants for 1 mos

[Rsv1000R]

The study, which came out on Election Day, estimates “the economic impact — in terms of jobs, compensation and tax revenues — of a major contraction involving one or more of the Detroit Three automakers,” under two separate scenarios. In both cases, there would be major short-term shocks to employment; depending on which scenario you use, a contraction of the Detroit Three would result in direct and indirect job losses of 2.5 million to 3 million in 2009. (This figure was also cited by Governor Granholm.)

That statistic is nowhere close to 1 in 10 American jobs, but it’s nothing to sneeze at.

And C.A.R says that 40-59% will have their job back by 2011, course that means there's still over a million out of work collecting benefits, as well as all of the retired workers who lose their pension, that we'll be paying for.