Friends and Family, Please take one moment to read this email and support your local economy…..
Next week, Congress and the current Administration will determine whether to provide immediate support to the domestic auto industry to help it through one of the most difficult economic times in our nation’s history. Your help is needed immediately to let your US Senator and Representatives know how important the Domestic Automotive Manufacturers and their continued survival is to the future of this country.
We have created a fast and easy way to make your voice heard. All you have to do is click this link and then where it says MOBILIZE NOW, please enter your information and an email, addressed to your local US Senator and Representatives, will know you support the loan that the manufacturers are requesting in session next week. It is not only critical to the manufacturers but to you and the overall economy of this great nation.
It is critical for many reasons and many of them you can read about on the facts and fiction web page. We cannot stand another financial meltdown at this time. Whether you own and drive an American built or Import vehicle, the survival and success of our domestic brands are important to you. How many more jobs can we afford to lose? I bet you know somebody that would be directly affected if GM, Ford or Chrysler were gone tomorrow. Have you considered how it would trickle down to you yet?
This current crisis knows no geographic boundaries. What happens to the U.S. auto industry also has an immediate impact on Wall Street and Your Street. Did you know….
·4% of U.S. gross domestic product is auto-related and represents 10% of U.S. industrial production by value.
·1 out of every 10 U.S. jobs is auto-related, supporting approximately five million jobs across all 50 states.
·Domestic auto industry has invested nearly a quarter of a trillion dollars in the U.S., including $10 billion alone last year.
·The auto industry purchased $156 Billion in U.S. auto parts and is the largest purchaser of U.S. steel, aluminum, iron, copper, plastics, rubber and electronic and computer chips.
·Autos account for $690 billion, or about 20% of all U.S. retail sales
·Auto sales generate more than $10 billion dollars of annual tax revenue
·U.S.- based carmakers have 105 plants in 20 states, including California, Texas ,Kansas, Louisiana and Maryland.
·They support 14,000 dealers across the country, and these dealers in turn employ 740,000 people, with a total payroll of $35 billion a year.
·The auto companies provide pensions for 775,000 and health care benefit for 2 million.
Because carmarkers are so tightly woven into the fabric of the U.S. economy, the collapse of this industry would reach far beyond Detroit. The Center for Automotive Research predicts that a collapse would lead to:
·Widespread failures of supplier companies
·Put nearly 3 million people out of work
·Personal income would drop by $150 billion
Thanks for your support!
