Quote:
Originally Posted by Fletch XXX
they failed to run a successful business and i am tired about hearing "jobs" - find another one.
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Ok well, how about this....
GM could stand to kill 123,000 jobs upon closing their doors. Estimates down the line between suppliers, manufacturers, supporters and other companies runs the total to around 3,000,000 jobs lost along with it.
Now, should that happen...
Taxes would take a hit now that a rather huge chunk of the population just stopped making an income and started claiming unemployment checks.
Now that people have lost their jobs, the prices of cars have just gone up as foreign car companies just lost a major competition source. You know those really cheap tiny little cars that GM could never compete against? Well, they'll now cost a lot more because... they can!
Now, as we've been learning all the way along with this recession, the more people that go out of work and start leeching off the system, and pay less taxes, etc... sets off a chain reaction because spending will be lower, more companies will go under, more people go on unemployment, and spending will be lower, more companies will go under....
see a pattern here?
So yes, we're tired of hearing about lost jobs. And if it was 5 lost jobs, or even 10,000 lost jobs... it wouldn't be an issue. But the number of lost jobs really could set off a very bad chain reaction in an already less than desirable economic situation.