Hubs loses his job as of September 1st. Autos are slow and so are parts manufacturing.

[Demsrule86]

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]

1. Trump won't be able to?

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]

2. I never thought he could that is the point...he is incompetent...a better president like Obama could

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]

3. Yeah well many folks I know lost most of what they worked for last time. And this time may be

worse.

[workinclasszero]

4. Many working class fools that voted for Trump's lies

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]

8. When has ANY gop

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]

12. He made it worse in my opinion. The rust belt helped elect him and will pay a terrible price

in the end.

[workinclasszero]

19. Never to my knowledge so why

did lots of working class people vote for the pussy grabber?

[Demsrule86]

29. I have no idea...many here have been beat down by the closing of plants...and many

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]

31. Yeah they thought they had nothing to lose

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]

35. Yes indeed.

[Demsrule86]

13. Yes they will...the rest of us in the rust belt will go along for the ride...

I only hope this helps wake people up by 18.

[Demsrule86]

14. This one could be worse...we only had a few months of Bush...

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]

22. This is the truth...they believed his lies.

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]

5. More tax cuts for the rich is what is needed here (snic). Sorry to hear your misfortune.

[Demsrule86]

11. I thought the same thing. We are headed for recession I think.

Autos are always the first. Thanks for your kind comment.

[alcibiades_mystery]

17. They're absolutely pushing corporate tax elimination as the answer

It will balloon the deficit and have next to zero measurable effect on employment.

[Demsrule86]

28. As it is most businesses that would be helped don't pay taxes now.

[blaze]

6. I'm so sorry your husband will be losing his job. nt

[Demsrule86]

10. Thank you...kind of terrifying.

[Luciferous]

7. Sorry to hear this. My husband was told they are going to have to cut people in his

department this fall because sales are slow.

[Demsrule86]

9. Yeah, this company make auto parts among other things and it has been slow.

Thank you for your good wishes.

[yallerdawg]

15. Bad news for the stock market: The Hindenburg Omen is back

The dreaded Hindenburg Omen is back.

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 hasn’t 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 hasn’t 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]

23. The market is divorced from main Street these days more like gambling.

[alcibiades_mystery]

16. Hearing about a lot of layoffs lately

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]

24. Autos are always the first indicators of recession...if they went to work and tried stimulus

maybe we could stop it...but the GOP loser and KKK Trump will never do this.

[workinclasszero]

34. Exactly

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]

36. I imagine we will go into a terrible recession with these bozo's in charge.

[Freddie]

18. Sorry to hear this

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]

25. Thanks for your kind words...good luck to your husband.

Hubs is an engineer...he had a job offer a couple of weeks ago (wish we took it). Hopefully, we will be OK.

[workinclasszero]

20. I am sorry to hear about the coming layoff

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]

26. Thanks. My new (married in October) daughter in law is working for a hand sanitizer company

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]

33. Hey I hope he gets in there

Good news!

[Demsrule86]

37. We are survivors...and if it all goes south...there is always my living with my brothers or sister!

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]

40. Well I had the world figured out by age 18

I wish I could go back in time and knock some sense into that dumb kid!

[Demsrule86]

49. I know exactly what you mean...me too.

I knew it all...

[haveahart]

21. And with all those great trade deals Trump is making to open up markets abroad,

I am sure our autos will be more in demand...

[Demsrule86]

27. The stuff he has done has hurt us thus far.

so you are so right.

[still_one]

30. Even without the cyclical nature of the business, certain months in the auto industry are slower

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]

38. Thanks for your kind words...

There are many layoffs here ...not just autos.

[stopbush]

32. tRump support is all about sticking it to imagined enemies.

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]

39. You are right...the rust belt voted for misery...and soon will regret it...many already do.

[renate]

41. I'm really sorry about your husband's job

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]

46. Thank you. He has been told if they can get a production job approved, he will be hired back at the

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]

42. I too am sorry about your husband looking at losing his job

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]

47. I agree with you...and one auto job supports about 12 other jobs some you mentioned.

It is a sad ...globalism has been a giant rush to the bottom for most folks.

[Warpy]

43. Everyone is afraid to spend

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]

48. That is what frightens me...but there have been big layoffs the last few months.

We don't have a president or congress really.

[steve2470]

44. best wishes to you and your husband

Does he have any good prospects yet to tide you two over ?

[Demsrule86]

45. There are a couple of jobs he will apply for...some close by others a bit of a drive...we may

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.