Everything’s Rosy Except When it’s Not

This morn­ing on my phone while going through the head­lines, I was left with a very mixed mes­sage: On the one hand, Gen­er­al Gov­ern­ment Motors is clos­ing numer­ous fac­to­ries and is cut­ting thou­sands of deal­er­ships loose. Con­se­quent­ly, thou­sands are los­ing their jobs. Relat­ed link: G.M. Des­ig­nates 14 Plants for Clos­ing. Note the num­ber of pro­ject­ed hourly job loss­es by 2011: 21,800! For some per­spec­tive on my part, that’s over 6,000 more peo­ple than live in my town!

On the oth­er hand, man­u­fac­tur­ing decline is slow­ing, con­sumers are spend­ing more, and the econ­o­my is look­ing bet­ter and bet­ter. Relat­ed link: Expert: Reces­sion Over, Slow Recov­ery Ahead. Note the con­clu­sion of the arti­cle: While thou­sands upon thou­sands of jobs are being lost in areas which Amer­i­ca once did bet­ter than any­one, the num­ber one area of job growth is going to be gov­ern­ment work. That’s good news for all of us work­ers out there who’ll get to foot the tax­es for their pay­checks, a bur­den which will be spread across an increas­ing­ly few as jobs con­tin­ue to be lost.

Car­ry on, noth­ing to see here.

1 thought on “Everything’s Rosy Except When it’s Not”

  1. Rick, thanks for the always enlight­en­ing post. When the num­ber of peo­ple employed by the fed­er­al, state, and local gov­ern­ment gets large enough to vote any­one they want into office, we are in real trou­ble. They will sim­ply elect the per­son who promis­es them the most perks, high­est pay, and short­est hours. It is the oth­er tax pay­ers who will foot the bill after all.

    Imag­ine if employ­ees of a com­pa­ny could “elect” the CEO or own­er by vot­ing for the per­son who offered to pay them the highest…

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Rick Beckman