GS from Ohio

GM Job Loss: Bogus Economics

Talk about Bogus economics! If GM stops producing today it would take years for Honda and Toyota to replace that production in US plants. Imports could only partially fill the gap. 90% of the jobs that would be created in the meantime would be in Eastern Europe or Asia. On the other hand, it would touch off a depression that would affect everybody - maybe even you in your cushy Economist job!