It still sucks.
Since that time, I watched Chrysler file for Chapter 11, and GM is on the precipice of doing the same. All the while, I’ve also watched the government through President Obama state that government doesn’t want to run the automotive companies, but has demanded the resignations of several executives, ramrodded a deal with Fiat at the expense of secured bondholders, and made announcements that the government will demand or direct, as part of its loans to the automotive companies, the types of cars that the companies are to build.
It must be absolutely reassuring to the clueless that government will take care of us all while destroying the means of income to thousands of people, employees and investors alike. And yes, that means the UAW too, because the government can only prop up these companies for a limited period of time, and that will end when it becomes politically expedient to do so.
And that means that the unemployment rate will rise to new levels, especially in Michigan where the rate is currently 12.6%!! And the Governor is wondering why people are leaving the state in droves.
I have looked for jobs out of state, and while just starting to scratch the surface, there isn’t a whole lot out there for a person of my background. And with the job market flooded with people looking for work, companies can certainly pick and choose who they want.
I don’t know what is next. Jobs within the state are few and far between. Jobs out of state mean that selling the house would mean a huge loss. It’s never fun being caught between two rocks, and that is exactly where I am at.
It may mean that I would need to change careers, and that is going to be a daunting task because it would almost mean that I would need to start at the very bottom again. I’m not greedy – I’m just looking for something that I can do so that my wife and I can live comfortably and save for a comfortable retirement. Unfortunately, I may not have the time nor the money to be able to get the educational qualifications for a new career.
Yep, it really sucks…