General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHubs loses his job as of September 1st. Autos are slow and so are parts manufacturing.
I saw autos begin to falter in February when my son was laid off. Today there are thousands of auto and parts manufacturing workers laid off in the rust belt.Trump is a waste of air...no talent, incompetent nincompoop who will not do anything worthwhile. A person like Pres. Obama could stave off the coming recession. Trump won't be able to. As an auto wife for years, I have seen multiple times that autos are the first to fall and the first to recover in a recession...so slap your seat belts on...the Trump economic shit show is coming. God help us all.
Corgigal
(9,291 posts)He never planned to fix anyone's life but is own. See all his ignorant history, he's never gave a damn about anyone but himself.
I'm sorry anyone is going to go through hard times, but empathy in a candidate matters. It's a strength, not a weakness.
Demsrule86
(68,667 posts)stop this as Clinton did in 93 and of course Pres. Obama saved the economy in 2009, but Trump is hopelessly stupid and a terrible president...the worst in my life time maybe ever, he and his merry band of GOP idiots will never be able to fix this.
Demsrule86
(68,667 posts)worse.
workinclasszero
(28,270 posts)will pay mightily for that mistake.
How soon they forgot Bush's Great Recession when the republicans wanted to let the entire US auto industry collapse and die.
But now Trump and the republicans really care about you auto workers!
Scarsdale
(9,426 posts)president done anything to help working class people? They help the wealthy, even if they are RUSSIAN. Most people recognized tRump for the clown he proved to be long ago. How could anyone be fooled by this orange menace?
Demsrule86
(68,667 posts)in the end.
workinclasszero
(28,270 posts)did lots of working class people vote for the pussy grabber?
Demsrule86
(68,667 posts)are employed at really shitty jobs...heard some say they had nothing to lose...in terms of jobs and globalism. They will soon discover they were wrong.
workinclasszero
(28,270 posts)But the Koch bros want their social security, medicaid, medicare, SSI, SNAP, health care access, safe work rules, workers comp, clean air, clean water, national parks, unions, on and on and on.
People act and think like children and vote accordingly.
They will soon discover they had lots to lose by the time Trump, Turtle and Ryan get done with them.
Demsrule86
(68,667 posts)Demsrule86
(68,667 posts)I only hope this helps wake people up by 18.
Demsrule86
(68,667 posts)once the shit hit the fan. Now we have over three years until the GOP President could be toppled. I can't imagine the GOP can handle this.
Demsrule86
(68,667 posts)If Lordstown (Ohio) closes...closes...my Trump loving neighbors will lose all value from their homes and some pensions as well in my opinion.
Trust Buster
(7,299 posts)Demsrule86
(68,667 posts)Autos are always the first. Thanks for your kind comment.
alcibiades_mystery
(36,437 posts)It will balloon the deficit and have next to zero measurable effect on employment.
Demsrule86
(68,667 posts)blaze
(6,373 posts)Demsrule86
(68,667 posts)Luciferous
(6,085 posts)department this fall because sales are slow.
Demsrule86
(68,667 posts)Thank you for your good wishes.
yallerdawg
(16,104 posts)Named for the German airship that met its demise in a fiery crash 80 years ago, the appearance of this technical pattern sometimes portends a stock-market crash.
Even as the S&P 500 SPX, (Thursday -1.54%) and the Dow Jones Industrial Average DJIA, (Thursday -1.24%) rose Wednesday, there were more stocks hitting 52-week lows than 52-week highs on the New York Stock Exchange something the market hasnt seen since July 2015, according to Jason Goepfert, president of Sundial Capital Research, and this divergence has triggered a Hindenburg Omen on the S&P 500 for five out of the last six sessions.
It is a serious signal that highlights times of decoupling within an index or exchange. The S&P hasnt suffered five signals so tightly clustered since 2007, and 2000 prior to that, he wrote in a report.
Such clusters typically lead to poor returns in subsequent days and the last time a similar trend emerged, in November 2007, stocks fell by 1.6% in the following week and 2.3% two weeks later.
A year later, the S&P 500 was about 40% lower.
http://www.marketwatch.com/story/bad-news-stock-marketthe-hindenburg-omen-is-back-2017-08-17
Demsrule86
(68,667 posts)alcibiades_mystery
(36,437 posts)If the unemployment rate starts trending up, Trump's truly finished.
He's living on borrowed time and a borrowed economy: borrowed from Barack Obama.
Demsrule86
(68,667 posts)maybe we could stop it...but the GOP loser and KKK Trump will never do this.
workinclasszero
(28,270 posts)The signs are there right now. So what is the liar-in-chief, friend of the working man/woman doing about it?
Well hell, trying to get a big tax cut for multi billionaires like the Koch bros and himself that's what! Oh and killing medicaid to pay for it of course cause that's a luxury us little people don't need.
Yep Trump and the republican party is gonna take good care of the working class, have no doubts!
Demsrule86
(68,667 posts)Freddie
(9,273 posts)My husband is manager of an auto parts distributorship (sales to garages and auto dealers) and his business has slowed down. Dealerships have been telling him that sales of new and used cars have greatly dropped since January. Thankfully the company he works for is privately held and the owner understands that the auto business can be up and down and does not panic over a few slow months.
Demsrule86
(68,667 posts)Hubs is an engineer...he had a job offer a couple of weeks ago (wish we took it). Hopefully, we will be OK.
workinclasszero
(28,270 posts)In my factory working youth I went through many of them. It scared the crap out of me every time.
I hope it doesn't last long for your Hubby and son.
Demsrule86
(68,667 posts)in Akron. She seems to be able to get my son in this company as well. He has the right of return until 2021. By then, we will know if Lordstown is closing or not. In some ways selling this house now is not a bad thing...we would lose much value if Lordstown closes.
workinclasszero
(28,270 posts)Good news!
Demsrule86
(68,667 posts)Yep...me too. I wish he would go to college...he needs more education or training doesn't have to be college, but he doesn't want to go.
workinclasszero
(28,270 posts)I wish I could go back in time and knock some sense into that dumb kid!
Demsrule86
(68,667 posts)I knew it all...
haveahart
(905 posts)I am sure our autos will be more in demand...
Demsrule86
(68,667 posts)so you are so right.
still_one
(92,394 posts)than others.
Unfortunately, it seems like in the auto industry it is a ripple effect. If new car buying slows down, those that assemble the cars, and manufacturer the parts for those cars are going to be affected.
The servicing of cars should be less impacted I would think.
I am thinking another issue facing the industry is that we are going through a transition period technologically, and that may be why some buyers are holding off buying at the moment.
I agree that this current administration is making things far worse in regard to the economy in general
I am really sorry what the OP is going through, and hope the slowdown doesn't last too long.
Demsrule86
(68,667 posts)There are many layoffs here ...not just autos.
stopbush
(24,396 posts)People think they're going to show those "elites" the old what fer. What they seem to not know is that the elites - ie: the REAL elites, like tRump - always come out of it OK...or even better than OK, as they are in the financial position to cash in on the misery of others.
The rubes only hurt themselves. It's just a matter of how long they allow themselves to imagine that the misery they are feeling is somehow a sense of satisfaction felt by sticking it to someone else.
Demsrule86
(68,667 posts)renate
(13,776 posts)Do you think it could just be temporary? Which is difficult enough, because spending your lives in suspended animation waiting for good news can really do a number on your stress level, even if there's hope.
I sincerely wish you and your family the best.
Demsrule86
(68,667 posts)current company. It is quite telling that they are having him work after knowing he is being laid off...so maybe. We will make it though...and thanks for your kind words.
onethatcares
(16,184 posts)but I feel the same about the busboys/dishwashers/waitresses/retail clerks/carpenters/steel workers/clerks/i.t. people, and everyone else that is affected by the money changing assholes that keep us all down on the bottom.
It's hard to believe, but at one time the United States had the highest standard of living in the world along with the fastest growing middle class (working class).
Those days are over. Strap in for the long ride down.
Demsrule86
(68,667 posts)It is a sad ...globalism has been a giant rush to the bottom for most folks.
Warpy
(111,339 posts)They know the clusterfuck at the top means the country is pretty much without a president. There is nothing that makes people sit on their wallets more than uncertainty. Once he's gone, things will improve slightly. Once the GOP is out, they'll improve a lot if the Democrats make wages the centerpiece of their economic plan.
Demsrule86
(68,667 posts)We don't have a president or congress really.
steve2470
(37,457 posts)Does he have any good prospects yet to tide you two over ?
Demsrule86
(68,667 posts)have to move. He will contact the head hunter and finish updating his resume to night...we shall see...always scary. Our house is paid for so maybe sell it...we don't know if Lordstown Ohio will get a contract in 19 and if they don't our value would be in the toilet...probably a smart move ...but I really like my house... but none of it matters if we are together...we will get through this. Thanks for your kind wishes.