It has been a rough week so far with the Dow Jones down 300 points and already over 32,000 layoffs with many more said to come.
Crude Oil is down below $35 a barrel on Wednesday.
On Tuesday, Chrysler and GM announced planned layoffs totaling 50,000 employees by the end of this year. At the same time they asked for $21.6 billion more in federal loans.
General Electric's CEO Jeffrey Immelt turns down his $12 million bonus, with his company's stock prices declining.
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