GM Is The New Starbucks, To Cut 2,300 Dealerships By 2010

Quote from Misthos:

I agree. but I'll even add more to the list of who loses a job or gets impacted by less revenue:

the detailers that kept the cars clean, the banks that financed the vehicles, the guy with the snow plow that cleared the lot, the guy that tarred and paved the lot, the municipality that received real estate tax revenue, the diner down the street that fed the employees, Social security and Medicare revenue that is gone, other payroll taxes gone, the gas station that filled those gas tanks, the utility companies that provided electricty, gas, telephone, and internet service, the parts vendors that provided the service garage, the dude that sold the dealer owner the gorilla and batman suits for his commercials, the local TV station that ran those commercials, the supermarket that sold them the cheap coffe, cofee stirrers, and foam cups for the waiting room, the magazine companies that provided reading for the customers (I mean really, who else buys magazines? Dentists?) the water bottle vendor, the local cleaning company that shampooed the rugs and buffed the showroom floors, the local computer company that provded desktops, servicing, printers, ink toner, etc... the local furniture dealer that provided desks, chairs, filing cabinets, etc...

I guess you can say that other dealerships will take their place. Or that thse dealerships may go with foreign cars. But when? Demand for new cars is still dropping.

Yup, green shoots.
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Government Motors (GM) has taken taxpayers money and then publically stated they will start importing Chinese (GM) manufactured vehicles by 2011. Nice work get screwed twice over.
 
^ We have no one to blame but ourselves. Why do you think I celebrate every time I see detroit and Michigan drop kicked in the head even though they're already near death.

The market works and any legitimate complaints about about it pale in comparison to the alternative. GM and Chrysler should have went into a messy bankruptcy with the good assets being liquidated to stronger companies at bargain prices.

We would have emerged so much stronger after a healthy recession. Now we're going to die a slow, painful death. Unless we developer some great new technology, I don't see where the growth will come from...
 
Quote from bond_trad3r:

"... Now we're going to die a slow, painful death. Unless we developer some great new technology, I don't see where the growth will come from...
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None of that really matters, so long as Obama gets to be the Reichfuhrer.
 
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