This is definitely going to be a hiton those people - black, white and otherwise - who have been depending upon the auto industry to give them that leg up in the middle class.
That same day on CNBC, Squawk on the Street host Jim Cramer frowned upon those who would cut back on donations just because they were taking a hiton taxes.
No matter how smart and capable an individual is, no matter how on top of his game, he or she will be hit with a sudden disaster for which he must draw upon his own internal resources, making judgments for which there often is no precedent.