Tighter Credit Only Adds to Auto Industry’s Troubles

http://www.nytimes.com/2008/10/01/business/01auto.html?partner=permalink&exprod=permalink

First, think about all the people employed by the companies that assemble cars, the companies that make the parts that go into those cars, like brakes and seats and dashboards, the people employed by the advertising companies that create the ads to market those cars, the people that are employed by the media outlets that buy those ads, the salespeople and mechanics that work in the car dealerships, and all the people that work in the places where those people buy groceries, beer, clothes and TV's, and say: "goodbye."

Just like housing employs many people we don't think about when we look at a house, who are now unemployed, the automobile industry is more than just Ford and your local dealer. For every car not sold, a huge web of companies, which employ ourselves and our neighbors, is affected.

Second, please pass this along to everyone who says that the financial crisis is "manufactured" or that the risk of recession is not real.

There you have it.