Last one. "The Death of a Salesman" After 60 years of business, Jo Pepper of Belville, New Jersey says, it is "an utter and complete debilitating shock" to close his business. He never ever saw this coming. Money not be available for loans or for business combined with the rise in gas prices forced Jo to close the doors on his dealership. The borrowing from Peter to pay Paul process was completely haulted, prevent Jo from buying cars and having a payroll. Two major parts of a business product and payroll. He had 26 employees in the parts department alone a total of 87 people worked for him. Functioning for the last time on a skeleton staff of 17 who was shipping parts back to Chrysler. In the last year, 600 new car dealerships have gone out of business. 2000 are expected to close over 18 months and within that time 70, 000 people in the car dealership business will lose thier jobs.
Today our Governer Paterson says that there will be a loss of 160, 000 jobs and within 4 years New York will be at a $47 billion deficit. The future looks extremely glim for Jo the plumber, the dealership owner, the teacher, the CEO, the Receptionist, etc.
Tuesday, October 28, 2008
Joe the Car Dealership Owner
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