Tuesday, October 14, 2008

The Fundamentals of Our Economy are Strong...The St. Thomas Truck Plant Closing Version

Daimler AG has announced today that up to 1400 jobs will be lost at the St. Thomas truck plant. Jim Flaherty says Ontario ain't so good to invest in and the economy is fine.

3 comments:

Oldschool said...

James . . . in case you had not heard . . . no one is buying trucks these days . . . since the Canadian economy is not just based on trucks . . . I would assume that the maple syrup industry, beef, grain, oil, mining and pork bellies are still doing well.
It would be interesting to know how many folks working at the truck plant are driving japanese cars . . . maybe they should move to Japan.
Coming down the Coquahala Highway in BC last night in the pouring rain saw three small Toyota compacts doing 360's in the wet at 100 kph. Fortunately no one was killed.
I would hot get into one of those death traps to save a few gallons of gas.

Prairie Kid said...

1400 jobs were lost. Yet, in September over 100,000 jobs were created. I don't think that's a bad trade off do you?

Deb Prothero said...

The jobs created in September include over 60,000 part time poll clerks for the election. Those jobs get paid for about 20 hours and hardly going to make a dent in the unemployment rate.

Here in St. Thomas, this is a real hit to the local economy since we've had layoffs in several other plants as well including the Ford Assembly plant going down to one shift. This feels worse than the 1991 recession here now. At least we've lost more jobs already.

As for the parking lot at the Freightliner plant - most of the workers drove pick-up trucks from the Big 3.

The lack of empathy from some of your contributors, Jim, leads me to believe you've attracted the attention of Conservatives. I guess that means you're doing a good job telling it like it is.