I not going to take sides on this one, the passion on both sides of the argument is strong, I’m certain that I could make a strong case for both sides.  I’d rather look at the long term effect this is going to have some of the people at GM, especially if the strike lasts a long time.

I’m guessing that workers at GM are similar to many Americans, that is to say a majority of them live paycheck to paycheck, have little savings put away, and carry a decent amount of credit card debt.  When the income stops coming in these workers will have to make some hard choices.  What do you stop paying first; credit cards, insurance, auto loan payments, mortgage?  It really does not matter, if you cannot pay your bills you end up with bad credit score. (Read More…)