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Then there are Detroit's rapidly shrinking Big Three automakers. General Motors and Ford posted a combined $7bn in losses for the third quarter of the year as sales stalled to their slowest rate in 15 years. "The situation is so dire, General Motors said it could be out of operating cash by the end of the year," reported CBS' Cynthia Bowers. Chris Bury's (no link) coverage for ABC included watching the appearance of auto bosses on CNBC. "On television, Detroit executives, normally upbeat, are selling pessimism to make their case for $50bn in emergency loans from Congress." Both Bury and Bowers worked with similar math in envisioning how disastrous plant closings and bankruptcies might be. Bowers told us that "one job lost inside the plant jeopardizes as many as a dozen outside." Bury depicted that ripple effect this way: "If one of the Big Three went under as many as 2.5m jobs would be lost--240K from the carmaker, 800K from suppliers and 1.4m down the line, from ad agencies to car dealers."
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