dieselenthusiast wrote:
Did I hear this morning that GM is planning to lay off 20,000 more people? Was I still asleep? Did I hear this wrong? After I heard that, I was wide awake.

Plus, GM said they can't make it unless they have more federal money.

We might be seeing GM going to their own funeral.
Nope, you heard right - closing 5 more plants and laying off 20,000 more people.
I voiced this opinion once before - all we're doing is giving them our tax money to finance the costs of closing down more plants and laying off more workers in this country so they can finish outsourcing most of their manufacturing overseas - because they couldn't secure private financing.
Just gotta love it - they beg and plead for billions of dollars to ostensibly save U.S. jobs and the economy - and after they get it they close down even more plants and fire tens of thousands more workers.
At least we're not alone in this - in what I consider to be poetic justice considering what Daimler has done with Freightliner, Ford recently browbeat their Mexican plants into taking a pay cut from $5/hour to $1.50/hour - telling them if they didn't Ford would be forced to move those plants to China with it's much lower labor costs "to be able to compete in the world market".
Beginning to sound as if the ideal labor situation from a corporate standpoint would be to reinstitute slavery. But even then, I imagine they'd still be asking for tax credits and bailouts to compensate them for the care and feeding of their "property".
I've had quite enough of "free" trade thank you - I'd like to see some FAIR trade for once.