The car companies have already started to clean up their act, the problem is that no one wants to lend them money.
Even if it is was right to let them fail, this is the wrong time for it to happen. We are trying to avoid a depression. The best case scenario is if you let the car company fend for themselves six million people lose their jobs at the worst possible time. It would mean basically writing off the state of Michigan.
At this time in the economy it would be very bad to put millions of blue collar workers out on the street when our country no longer has the manufacturing base to support an influx of workers like that. I would be one to encourage the retraining idea... but retrain for what? There is no other industry in this country that can absorb that kind of working man labor force aside from infrastructure perhaps. There's already something of a glut in the labor force for infrastructure though with all the contractors coming out of the defunct home building market. There simply aren't jobs out there for people to find when they lose the one they have.
While I think the car companies should be made to sleep in their own bed of failure, it would be very bad for them to cut even more jobs than they are already obviously going to be forced to cut back.
what i'd like to know too, is why does everyone believe the hype the company has put out about all those millions of jobs being lost? Retooling doesn't loose jobs, it creates jobs, then it creates retraining, and then maintains the jobs it had at the start usually, with only a very small margin of change in the number of jobs
( ... )
Comments 4
Even if it is was right to let them fail, this is the wrong time for it to happen. We are trying to avoid a depression. The best case scenario is if you let the car company fend for themselves six million people lose their jobs at the worst possible time. It would mean basically writing off the state of Michigan.
Reply
Reply
While I think the car companies should be made to sleep in their own bed of failure, it would be very bad for them to cut even more jobs than they are already obviously going to be forced to cut back.
Reply
Reply
Leave a comment