GM has now joined Chrysler in bankruptcy. Thousands more jobs lost, one of them my brother-in-law's who works at the Orion plant. Thousands more mortgages in jeopardy, even as property values will probably plunge some more.
And the thing is - it is not just the line jobs that are lost. It will also be truckers, office people, support staff. The husband of one of my friends lost his job early in the year - and he worked for a company that did human resources for small auto parts supply companies.
So you are probably looking at thousands more jobs lost that serviced GM on top of the thousands of GM jobs lost.
Will this devastating economic downturn ever end? Or even ever hit bottom?
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