The Rebirth of GM?
My cousin and Aunt were in town this past weekend and they live in Michigan. A friend of theirs owns a chain of dry cleaners near GM and Chrysler plants. Their business is down 40% since last year. This problem with the auto companies is affecting everyone!
Hey, why didn't your guests mention that in 2004, tax depreciation for small businesses was raised from $25,000 to $75,000 for small and light trucks? This also contributed to the explosion in Hummers & luxury SUVs on the road.
Wilbur, Bethesda, MD
Neal Boudette, Detroit Bureau Chief of The Wall Street Journal
Robert Schoenberger, The Plain Dealer
Kristin Dziczek,Center for Automotive Research