Clear Prop "do we have more debt"? Who do you think is going to have to repay all this money the government is borrowing???? Of course we have bucket loads more debt.... might not be a mortgage but you will still have to repay it via higher taxes in the future..... call it Gordon Brown's legacy for the future.
. Look at what is happening in Ireland... they have a budget deificit similar to the UK's (way ahead of everyone else)... they at least have to bollocks to start cutting wages and public sector jobs.
Alex it is not just the people who work for GM and Crysler.... there are showrooms, part suppliers, etc etc all who will be impacted. You have been banging on about how the bears have been wrong for months and today we are likely to see the US print its biggest jump in unemployment for over 25 years.