Jeeze, hard times ahead. GM chairman: Automaker to cut 25,000 jobs. That’s out of a total of 110,000 hourly workers. He cites the insane cost of healthcare. Our failure to control healthcare costs is now very visibly cutting into our bread and butter economy.
Just a thought I had a few weeks ago. But, as I recall my WWII history lessons, part of our success in that war was our ability to convert domestic manufacturing capacity into military manufacturing capacity. If another war comes along where we need to be able to build a lot of hardware, we might just have a hard time doing it with our ever diminishing domestic manufacturing capacity.
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