GM (and the other two) are going to be a real problem for the canadian (ontario)
economy . 80 % of all cars produced in ontario were for export to the U.S.
because of government health insurance system , canadian subsidiaries of the BIG THREE weren't saddled with high medical insurance costs (as in the U.S. ) .
so they just churned out cars , vans , trucks double quick !
but what now ? it's all come to a screeching halt .
"auto industries need government (read taxpayer) help " is the battle cry ; but making more cars subsidized with even more taxpayer money won't revive a dead horse .
i don't know how to resolve the dilemma - there'll likely be several 100,000 more unemployed from auto and supplier industries double quick .
the government (taxpayer) will have to help the workers re-train and find new jobs . but how much time will that take and where are the jobs going to be ?
i don't think anyone has any idea at this time .
lot of talk about : economy "basically" sound - but that won't produce any jobs and won't pay any wages .
(reminds me of that crude joke : operation succesful ! patient dead !) .