Yes We Can! Wreck the Economy
Saturn 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.
Labels: Economy, Federal politics, Political correctness, Tennessee politics
posted by Deacon David Oatney @ 10:17 AM
3 Comments:
A: You are full of BS as they auto manufacturing industry will not disappear in the region as Nissan is expanding and VW is coming to Chattanooga, already under construction.
B: You can thank Corker for this one as well since he pushed the Auto Industry out, and pretty much pushed them into bankruptcy which he was wanted. Yet he advocated giving the banking sector 5x more money. How many jobs did that create?
C: This issue was long a problem before 8 months ago when the president took office.
Oats, you are as dumb as a box of rocks without the usefulness of said rocks.
First off, there is no "nationalized" auto industry. Simply put, the US government acquired a partial interest in GM in exchange for an infusion of cash. By design, the government will sell its interest in the company as it returns to financial stability. GM was facing a total shut down and the government decided that we could not afford to lose this vital manufacturing base.
Secondly, this was coming regardless of the government intervention. Saturn never quite caught on and GM did little to ensure the success of the brand. Nothing Phil Bredesen, or any other person could have done to protect those jobs - in fact, since Saturn's were no longer produced in Spring Hill, there was already great uncertainty as to the continued operation of the plant.
Since you obviously have no idea about the things you speak about, I wonder why you would publish such crap. You seem to only want to dump all over Obama and the Democrats, but you never offer any suggestions on how it could be done better or what the Republican alternative is. It's often said that one is "either part of the solution or they are part of the problem". You are part of the problem.
Aren't you on nationalized health care?
Damn, you are stoopid!
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