Posted by: Michael | 13/11/2008

The economy

I am reading the NY Times this morning; Micheline Maynard’s Is Bankruptcy So bad. Sometimes the lack of understanding and thought of people surprise me. It is not about GM, Ford and Chrysler; its about the jobs that would disappear and the nonsense that the workers can be retrained only an idiot would believe. The layoffs that would follow bankruptcy of these three companies would cause massive fear throughout the work force. If you think Americans have a bunker mentality, watch what happens when they see all those workers hitting the streets. People are digging in and if they see unemployment rise above 10% they will dig in further

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