Expect GM’s decision to screw over all sorts of industries

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Posted on April 22, 2009 | tags

Older: GM: What’s a good way to clear car inventory? Stop making cars.

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Older in Biz, Politics: GM: What’s a good way to clear car inventory? Stop making cars.

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There could be failures in lots of different industries as a result of this. One lost job at GM can result in up to 10 lost jobs elsewhere.
Mark Zandi • Chief economist at Moody’s Economy.com, on the potential mushroom effect this GM taking a break business could have on the freaking economy. We recommend that those 10 lost jobs elsewhere stock up on the Peanut Butter Crunch, because there’s gonna be a run on it because of all the middle aged men watching cartoons on a Tuesday afternoon. • source

Posted by Ernie Smith • Permalink