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.
"Regardless none of us want to see people suffer... "
I disagree. There are many here who delight in union workers suffering. They view a union worker's existance as an affront to them.
The people to blame here are the union leaders, and corporate management. If I ask for $100/hr and you agree to pay it, then you go broke, it's my fault? No, you are supposed to know what you can pay, my job is to do what you pay me for, right? Unless you hired me as your business manager, that's the only way I can see the employee being to blame for taking what's offered.
Management never held the line, and didn't care if they had to raise prices to compensate for overpaying unions.
Unions got too powerful, and too corrupt, but management didn't fight.
Regardless who is to blame, this is a sad story for all of us. GM is big, very big. And the loss of jobs will affect the economy in a big way. Might want to move some of your portfolio into bonds.