So, tell me again how outsourcing is good for America, please. If what is in the above linked article is correct, this will be an absolute horror show. Combine this massive layoff with the growing mortgage crisis and I think that sinking feeling you’ll have will be the bottom falling out of the economy. Third World, here we come! How long before the people climbing over the wall at the San Diego/Tijuana border are heading South?
Doom and gloom? Well, maybe, but I think this is going to be really bad as it just about has to cripple some small towns, like those just outside New York City in Westchester County where IBM is the largest employer. It’ll be a good time for anyone with money to buy a new home, though. There’s gonna be a shitload of houses for sale at a fraction of what they were going for a couple of years ago. Motivated sellers, don’t you know.