Business at Power Curbers Inc., which makes machines that lay sidewalks and curbs, had been slow for a while, given its link to the construction business. Its domestic business fell about 35% from the first of the year through about August, says Dyke Messinger, chief executive of the family-owned business, based in Salisbury, N.C.
But as the financial situation worsened over recent weeks, customers -- who typically finance purchases -- suddenly stopped ordering and one major order was yanked. "We haven't had a domestic order in six weeks," says Mr. Messinger. "At this point, that's unprecedented."
Faced with such an abrupt drying up of business, the company on Tuesday decided to shut its assembly line for two weeks, which means temporary layoffs for most of its 100 workers.
Let me grant, that some of this is economic slowdown... But the example is valid, Credit affects buisness. Which then effects Employment, which then creates a feedback loop on the economy. Certainly credit will never flow like it has over the past 10 years, But... this only gets worse without action.
Unless you are sitting in a fallout shelter on a Big fat pile of gold with a bunch of firearms.....
ME? I don't want to live that way.....
And, I am a crack shot, and I'm fairly sure I can get you on the way out of your bunker, and take your food and gold.....
Just letting you know....Whoever you are....Damn Fat cats.... ;)
Ok... Seriously I'll be over this in a week or so..... Unless the house doesn't past the Economic rescue bailout fatcat... So... Honestly call and write in support of it... or you will get more of my countdown to economic disaster blog....
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