Money Good Greed
posted by April 29 at 9:44 AMon
We must not bemoan high gas prices. The positives in this staggering increase will surpass the negatives. We can see for once that corporate greed is proving to be good.
The world’s largest automaker by sales said the cuts, to take effect this summer, were brought on by weak demand due to high gasoline prices and an economic downturn. GM said it will make about 88,000 fewer pickups and 50,000 fewer big SUVs [the positive] this calendar year because of the cuts. The layoffs represent just over 4 percent of GM’s hourly manufacturing work force of about 80,000 in North America [the negative].Low gas prices have always been an illusion. America is now finally encountering a reality that is found in all other parts of the world—petrol is, to use the worlds of Kuti, “expensive shit.”