ex GM emp

I Was Wrong About GM Bankruptcy

When it comes to economics, Americans are a pretty dumb lot. They'll ship their jobs and the security of their country overseas because a product was cheaper if made there. We'll do the same with autos when they start coming in from China. In five to ten years, there won't be much left of the domestic auto industry. Even the scrub wages of the southern auto transplant industry will be too much for the oncoming train of India and Chinese competition.