The news of significant losses in the steel industry and GKN on top of previous job losses in the car industry is a sobering warning that the recession is eating into the marrowbone of the economy. Not that it feels any less if your a Woolies emloyees losing their job.
Its hard to see, no matter how much the government try to talk up their loans to the car industry, how people in fear of losing their jobs are going to rush out and buy new cars. Throwing money at green initiatives when the industry has already made massive strides in producing more efficient engines also seems potty. On top of which since the car industry is (to use a favourite Brown phrase) ‘global’, its hard to see the point of passing on such money to overseas companies.
This is of course the latest in a long list of initiatives (it would be absurd to call them policies) from the government. Brown Darling et al are locked into labelling their opponents ‘do nothing’ and in the usual way of the world the Opposition in turn label the Government, and their revolving door of announcements, a bunch ‘headless chickens’.
Sadly it has to be pointed out that ‘headless chickens‘ can be with us for a long time and one can only wonder what state we will be in when Gordon Brown’s passable impersonation of one finally falls off its perch.
Apparently a “Mike the Headless Chicken Day”, is held on the third weekend of every May in Fruita Colorado. Maybe this would be an appropriate time for a General Eection.