If you're not scared yet...

... you must be in a coma. The wheels are coming off this thing - and this is after the bailout has begun!

A Sea of Unwanted Imports:

And for the first time, Mercedes-Benz, Toyota, and Nissan have each asked to lease space from the port for these orphan vehicles. They are turning dozens of acres of the nation’s second-largest container port into a parking lot, creating a vivid picture of a paralyzed auto business and an economy in peril.

"This is one way to look at the economy,” Art Wong, a spokesman for the port, said of the cars. “And it scares you to death."

Consumer Prices Fall by Record Amount:

"This month it's more than slowing, it's outright contraction," said James O'Sullivan, United States economist at UBS. "And yes, if you extrapolate that, it's deflation."