Thursday, April 2, 2009
Cars, Layoffs -- Someone has to pay!
Remember the video we watched earlier in this unit that detailed the rise of the Ford assembly line? Well, one of the United States' oldest car manufacturers (GM) is in big trouble. Just recently, President Obama allegedly encouraged GM's CEO to step down. Does this firing seem like a case of the "sacrificial lamb"? There are some connections to AIG bonuses here, too; perhaps this is another case of the public wanting some vindication for the current financial crisis. Here's the link:
"GM boss steps down"
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