Monday, November 24, 2008
GM In Trouble?
I find it hard to believe the automaker is experiencing hard times yet again. It is so reminicent of the devastation that ravaged Flint, Michigan and surrounding areas, thousands of workers lost their jobs, myself included. For me it actually turned out to be a blessing that was very much disguised at the time. This was not so for most people living in the area. To get an idea of what happens when corporations like GM fail, one should check out the film Roger & Me which depicts how a community becomes ravaged when it depends on only one industry.
I saw many of my friends lose their homes, automobiles and all of their savings when several plants closed in Flint. This time the pain is being felt in Detroit, where they are still reeling from the mayoral scandal. Now the corporation is looking to the federal government for a bailout (for more on the story click here). Should our government assist the ailing automaker?