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Originally Posted by Riot
People going back to work in America is unworthy of a big hooray?
Except that far more than 1350 people are affected. The families who now can come off unemployment, food stamps, and Medicaid (that makes me happy, because I help pay for that), and keep their houses, buy groceries, and have a little disposable income to put back into their local economy and keep them solvent and maybe cause some new hires (like florists, the local pizza place, the dry cleaner); in addition to the couple of thousand jobs associated with ancillary industries that feed parts and materials into GM autos and depend upon that industry - steel, plastics, manufacturing parts industries - that will also have to rehire people and increase production to meet the needs of their client GM.
The recession isn't going to end magically all at once, with everyone going back to work all at once. Every step in the right direction is good.
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millions out of work, and 1350 makes a difference? lol
unemployment is expected to remain above 10% for some time-and once cash for clunkers dries up, and demand dissolves, where will those 1350 be? so yeah, a hooray for them-but not a big one.