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
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- 10 things you need to know today: October 24, 2014
- 43 TV shows to watch in 2014
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- Let us now praise Billy Joel
- America's anti-feminist mega-corporations' toxic disregard for women must stop
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- An open letter to #brands about Gamergate
- Why the government should pay every American child an allowance
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