ATTENTION MEMBERS!

November 16, 2008

Your efforts in the past to call our Washington Congressional members have proved invaluable. I am asking for you to ring their phones once again in regards to the Loans being requested by the big three automakers.
As you know I feel strongly that the excessive executive compensation is not meritorious of the great jobs they do. I also think that some past decision making has helped bring us to the point we are at now, but let me stress passionately that the major underlying cause of the demise of the entire manufacturing base being in disarray in America is due to lack of support from Washington D.C.
If all of the Big 3 automotive manufacturers were to cease operations, nearly 3 million jobs would be lost in the U.S. during the first year alone. It would mean a loss of nearly $400 billion of personal income in the first three years and a loss of over $150 billion in government tax in that same time period.
A 50 percent cut in Big 3 operations would mean a loss of 2.5 million jobs in the U.S. economy in the first year alone. It would result in the loss of more than $275 billion in personal revenue over the course of a 3 year period and a loss of $108 billion in government revenue during that same period.
The globalization of the auto industry means that most auto parts manufacturers also supply not only the Big 3, but also the foreign automakers with plants in the U.S. The collapse of one or more of the Big 3 would cause a major wave of supplier bankruptcies, resulting in severe disruption for the foreign automakers as well. The ripple effects would continue in Canada and Mexico as most U.S. auto parts suppliers also serve auto manufacturing there.
Ford, GM and Chrysler provide health care to 2 million Americans. The collapse of the Big 3 and the loss of health care benefits to these Americans would create more stress on the already overwhelmed U.S. health care system.
Contact your Congressional Representative and U.S. Senator to advocate support for the U.S. auto industry by calling the Capitol Switchboard at 1-866-220-0044

Solidarity Forever!



Keith W. Brown


www.house.gov

www.senate.gov