Worthy of Consideration

Regardless of whether you want to call it a rescue, bailout, or whatever – this report, detailing that as many as 3.3 million US jobs will be lost if the US automakers fail (from the Economic Policy Institute), is worthy of a look. Then, you need to decide whether or not to call your Representative or Senator and tell them that it is worth it or not. Or you could just decide to go out and but a new car built by one of the big three automakers. It is your decision.

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2 thoughts on “Worthy of Consideration

  1. Thanks for this post, Leslie.I would also like to add that in addition to millions of jobs lost, there are hundreds of thousands of retirees depending on these companies for their survival. Some, like my parents, are too young to qualify for Medicare, so the loss of their health insurance would be devastating, particularly because they are not really qualified to do any other work in today’s economy, having gone to work in the factories straight from high school. The loss of employee pensions would also be devastating, as Ford (and probably GM) contributes to the employees’ 401Ks with Ford stock, which is now essentially worthless.

  2. I agree with you Amanda. The people who end up paying the price if the automakers go bust are the employees and retirees who can’t help the bad decisions that management made. It absolutely isn’t fair to them.

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