For everyone hoping General Motors and Chrysler would survive, said Brandon Matthews in Sirius XM Radio’s Satwaves blog, “it’s time for a reality check. It’s over.” The automakers' hopes ended Thursday with the decision to close 800 Chrysler dealerships and up to 1,000 GM dealers, which will turn the remaining outlets into local monopolies without the competitive drive to succeed.
The real losers here are workers, said Craig Brown in Seeking Alpha. Each of the GM and Chrysler dealerships that are closing employ dozens of people. “And there will be knock-on effects to those servicing these dealerships with services or products.”
That’s bad news for the whole economy, said Douglas A. McIntyre in Time, as we’re already losing 600,000 jobs a month. “It is the only financially expedient thing to do, but the government is” encouraging cost-cutting that will add to the “burden of unemployed Americans” at the worst possible time.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Watch out, China — America is working on dogfighting drones
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 43 TV shows to watch in 2014
- How liberals are unwittingly paving the way for the legalization of adult incest
- How our botched understanding of 'science' ruins everything
- Why the Chinese military is only a paper dragon
- The troubling persistence of eugenicist thought in modern America
- How the Simpsons/Family Guy crossover revealed the worst of both shows
- Bill O'Reilly and Stephen Colbert are accidentally having a serious debate on ISIS
- 10 things you need to know today: September 30, 2014
Subscribe to the Week