Today, all the big three auto companies announced disastrous figure for their last quarters sales. No surprise really when you consider Americans are realizing that driving Hummers when gas is four dollars a gallon - And soon to be five - doesn't make a lot of sense. As usual, Detroit got the message too late and it will take them years to make a really competitive small car. Too bad they didn't spend some time in Holland and see what people drive when gas is ten dollars a gallon. Even more ominously for the economic outlook, Starbucks announced today that it was closing 600 stores and laying off 12,000 workers. First to go are the gas guzzlers, then the frappacino's. Next thing you know, Bush will stop telling us that the US economy is fundamentally sound!
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Remind me never to send any kids to Harvard!
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