Yes We Can! Wreck the EconomySaturn vehicles aren't made in Tennessee any longer, but we know that employees at the Spring Hill GM facility where Saturns used to be made will be losing their jobs. The circulating rumor (as of yesterday) is that the GM parts-making facility in Spring Hill may also close. In the Examiner today, I point out that Tennessee legislators and revenue officials can't be the least bit pleased with these developments:
The loss of GM jobs in Spring Hill will already have a harsh impact on next year's State budget. If the parts-making facility also ceases operation in the near future, Tennessee political leaders and the Department of Revenue will not be rejoicing at all. Each job lost represents a taxpayer who can't contribute to the local and State enonomy through the purchase of goods and services. In some cases, the increased job losses could lead to further foreclosures, housing market depreciation, and a general drag on the economic health of the State. A total shutdown of all auto-related manufacturing in the area will likely lead to a significant increase in the demand for State-funded emergency social services, which will be hard-pressed to meet the demand in a budgetary climate that will already be riddled by forced cutbacks due to a general loss in Statewide tax revenue.
Don't you just love nationalized industry? More people out of work and States going even further in the hole, but YES WE CAN!!! These are the people who want to have their way with our health care...I can't wait.