If delphi currently in bankruptcy and chrysler closes their doors tommorow the town of Kokomo Indiana the town could be looking at an 40% unemployment rate. Utimately the workers are hoping that the plant just wont close at all. The believe that delphi is well positioned to emerge from bankruptcy and chrysler's plants may be picked up by another automakers shouls the firm close. In Kokomo the average union wage is about 60,000 a year and the average home is priced at 75,000. i chose this article becuase i think its sad how the people dont know wheather or not they will have a job the next day.Especially if they have a family to feed....hopefully obama will try to help the people who just lost their jobs and their families too. This information has been presented fairly because they dont pick sides. yes i would use cnn again.
http://money.cnn.com/2009/04/21/news/economy/kokomo_auto_workers/index.htm?postversion=2009042214
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Deishnae, Excellent summary of the article, excellent judgement of the source. I agree -- it seemed CNN was trying to talk to a lot of people. The story itself reminded me of "Roger and Me" -- a lot of other towns, besides Flint will head downward if the auto industry does, and I'm not sure there is a solution.
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