It’s going to be a sight to behold when GM goes down. The economic carnage will be total and complete. GM will take out most of the parts suppliers with it, forcing the other automakers to find new sources for parts, if possible. The ripple effect will tear a wide path through the economy as 7-8% percent of the U.S. workforce becomes unemployed. This will probably cause the foreign automakers to re-think manufacturing vehicles here, with parts sources drying up, and a collapse in demand. It would be wise for them to relocate to more profitable countries. And most importantly, we rid ourselves of the UAW bogeyman, and all of its retirees and dead weight. Of course 7-8% of the U.S. workforce should have no problem finding work in different sectors of the economy.
The point of my rant is people shouldn’t let there blind hatred for any particular group or industry cloud their reasoning. The auto industry needs to restructure and become more efficient, no doubt about that, but I see a lot of people here cheerleading their demise. Be careful what you wish for. When the auto industry is finished off, the will set there sights on the next unionized industry.