"Good by Detroit - hello China... !"
I expected the gleeful giggles on this thread.
I hope you all remain gleeful and continue giggling when the economy slows significantly.
Or would you have me believe that GM can cut 30k jobs, and we can have the cascading effects of other jobs lost, and it's GOOD for the economy?
Some of you are as anti-American as the folks at DU.
Regardless none of us want to see people suffer... ( well unless it is clinton and their ilk) But the same can be said every time the union got an agreement to pay unskilled labor 40-50 dollars and hour. They were the gleeful ones. They couldn't give a crap if they pushed the cost of owning a vehicle up 5 fold over the last 20 years. It was a false economy that they were paying into and they cut their own throats by driving the costs up so much that the corps look international for cheap labor.
Those 30,000 jobs will translate into 500,000 by the time the dust settles. It's going to be a bumpy ride and Ford won't announce it's restructuring until January.
Don't try logic with some of these people. It just doesn't work. They can't see beyond their viseral hatred.
Just like DU'ers.
In the long run, it will be GOOD for the economy.
In a capitalistic society, the obsolete, overpaid jobs need to evaporate -- so that capitol and labor can be redeployed toward more productive work.
For these jobs to remain at GM would represent an inefficient drag on the economy and insure the eventual bankruptcy of the company -- which may yet happen.
That doesn't mean that 30,000 (or more) households aren't going to suffer. But it does mean that, down the road, 30,000 (or more) households are going to profit from more productive work.
It's a pain in the ass to be out of work, I know. But it's not the end of the world...