During this last summer high school students were looking for summer work. Most were doing it to past the time by, others because they needed the cash and a lot of them to help their parents pay the bills. Most of these kids were looking to get the jobs at fast food restaurants and pizza shops, which count for most of the summer help hiring. But there was a problem, the summer jobs wern’t available. And the reason why is because of high fuel costs and raw materials. With no one eating out much these days, these jobs won’t be there for a long time to come. Hopefully the economy will turn around and people will start eating out more. And once this happens, the jobs will return. Good luck to all job seekers!

It seems that Honda Motor Co. has a few problems of their own. Honda has decided to expand an existing recall with water shortening out power windows. I heard this recall is going to affect almost 1 million of their Honda Fit’s worldwide. The model year are for 2007-2008. In my option, I would rather deal with this type of problem rather than the Toyota problem. Who wants to drive a car that you can’t stop. It’s either the gas pedal sticks, or your brakes won’t work, I don’t know what’s worst. Honda seems to be handling this a lot better than Toyota is. Toyota knew about their problems and never did anything about it. Now their trying to save face with running TV ads stating their going to regain our trust, not me. I don’t think I will ever buy a Toyota. And I think a lot of other people feel the same, even their customers for years.

Just before the deadline of 4 PM today Supreme Court Justice Ruth Bader Ginsburg put the sale of Chrysler to Italy’s Fiat on hold. The case brought against the deal are from a group of major secure bond holders of Chrysler. Right now bond holders are set to get about $.30 on the dollar. The order came done right before the deadline stating that the sale is “stayed pending further order.” What this means isn’t clear, nor is the time frame, but seems to be a temporary hold. Now Chrysler LLC is getting nervous, as well as the U.S government. Mainly because the Fiat Group SpA can drop out of the deal come June 15th. If the deal fails Chrysler might will have no choice but to liquidate. Me personally I don’t think they would liquidate their assets. I think they could get a better deal, and these bond holders feel the same way. I guess Obama will need to rethink the way he has been treating these bond holders. Remember Obama was the one who blamed the bond holders for the bankruptcy filling, maybe he should luck at himself for pushing the bond holders around. I think the bond holders will win this one, anyway I hope.

So far what we know is that The US Treasury Department has given notice to General Motors to get ready to file for bankruptcy by June 1. The only reason for them to make a statement like that is the funds are going to stop coming in. I think that The US Treasury Department has been reviewing GM’s books and feel that bankruptcy is the only way out for GM. But that’s not how GM feels, they insist they can restructure on their own. But of course GM would rather do this out of bankruptcy court because of their image of being a great company, which they are. They offered some of the highest paying job with the best healthcare benefits than any company, which hurt them in the end. I think for the most part the United Automobile Workers union killed the Auto Industry. They demanded so much for the workers the auto makers could no longer invest in producing better cars, greener cars. I once read that all the auto makers where spending more money on healthcare benefits than steal. Maybe they should file for bankruptcy to start with a clean slate and break all those dumb contracts with the really killers, the United Automobile Workers union.

Any Saab or Volvo car owners out there? Or do you have any friends or family members that own a Saab or Volvo automobile? If so this post is for you and your friends and family. I came across a site called Swedish Parts Network, where you can get Saab Parts and Volvo Parts and a fair price. If you’ve ever priced out parts for these types of automobile you will know right away if your getting a good deal. Anyway, spread the word to your friends or family that knows what it means to maintain these automobiles. They’ll thank you I’m sure.

The U.S. Federal Reserve today gave way to letting GMAC Financial Services to become a bank holding company. By making way for this change GMAC Financial Services now can take on deposits and tap into the $700 billion bailout plan. And I’m sure that’s what they’re going to do, tap into the bailout fund. Some people think that if GMAC had to file for bankruptcy protection it would have destroyed GM as well. After all the two need each other to survive. These types of backroom deals by major companies and The Fed make me a little nervous. It seems lately that companies are getting away with all their past bad behavior. They do whatever they want, spend investors money freely and they when things hit the fan they come crying, it makes me sick. Now that we’ve bailout Wall Street and the major players in auto making the only question left to ask is, who’s next? After all the American people have been treated like a cash register. The only thing is, we’re not taking any money in, and we’re handing it out. The last time I checked that’s stealing, right?

I would also like to wish all my vistors a very Merry Christmas!

It looks like Detroit’s Big Three Babies will be getting a little less than half of their bailout loan, $15 billion. GM, Ford and Chrysler will collapse with this amount of money, why even give it to them. I guess their calling this a short-term loan. I was reading that some economists think they really need $75 billion to $125 billion to survive over the next year. If these automakers had asked for this money a year ago Congress would have told them no way. The U.S Congress is only agreeing to this because we really can’t afford to lose anymore jobs as a Nation. I liked President Bush’s idea, just them the $25 billion already sitting there for them. The only think is the bill that gave them that money is for building cleaner running cars, but no one likes that idea. I say let all three fall apart, they deserve it. This way, by filing for bankruptcy it will break all contracts with the UAW. And then they could layoff every single employee, then hire them back at half their pay, they would save billions. These works are getting paid over $50 an hour just to make a car, that’s way to high, blame that on the UAW. The automakers would come out of bankruptcy so much stronger than trying to get these loans. Most if not all-big companies come out of bankruptcy much stronger. It’s like starting with a clean plate.

Out of nowhere today the U.S. markets shot up like a rocket. The rise in the Dow and NYSE are directly related to the tech sector and the 3 big automakers, GM, Ford and Chrysler. With the bailout coming for the automakers made their stocks rise. GM right now is up over 35 percent, while Ford is over 25 percent. And Chrysler is only up about 3 percent, but it’s up. There are just too many deals on stocks right now, which has sent investors into the buying mood. This all this buying I think we just might have a great week on Wall Street. I guess the real test will come in the next few days if where going to spend or money at the stores. I sure hope a lot of people get out and spend, because if they don’t the markets will sank instantly. So get out and spend, but only spend what you can afford.

Anyone looking for a new place to purchase car parts online? If so click on this link www.carpartswarehouse.com, there could be a deal waiting for you. I was reading on their site that they offer car parts, truck parts, import parts, performance parts and automotive accessories. And their prices are so low that they have a guarantee that they will offer you the lowest prices. And on top of having great prices they also offer free shipping. The part I like the most is that everything they sell comes with a full warranty and they state they will stand behind their products 100 percent.

Anyone waiting to get their hands on the GLK from Mercedes-Benz? The new Mercedes-Benz GLK-Class will be coming to Canada in January 2009. This automobile looks very sleek and well built. I also read that the GLK made its movie debut in the Sex and the City, which was Samantha’s vehicle of choice. And I can’t say I blame her, this vehicle looks absolutely amazing. If I had $43,000 I would differently look into getting one. But with the economy heading into somewhat of a recession only a few people will be able to get one. I included an image of the vehicle so you can wish for one too.