GM announced today what everyone of us in the business sector of the US knows but just can't seem to get across to the government.
Healthcare cost is killing the business sector and job growth and everything else as we speak.
From an article today speaking of how GM has reported earning is 05 will be 80% LESS than expected.
While we have made good progress in reducing costs over the last several years, the projected loss in North America reinforces our need to do much more, particularly in the area of health care," said GM Chief Financial Officer John Devine in a statement.
"One of the issues we've had for North America is the increasing drag or health-care costs on North American profitability," Devine added on the conference call with Wagoner.
"I don't have any silver bullets on heath care ... but clearly I think the weakening profitability this year has focused on our need to make progress on health care."
Maybe this will make someone notice the REAL CRISIS im America. I'm 100% positive however the Bush admin and Repub congress will end up doing as much in the next 4 years as they have in the last 4 = NOTHING.
Ask ANY business owner, manager, CEO, FEO, etc etc what the number one concern is in the business world today, its Healthcare cost across the board.
The canary is choking and is about dead, will anyone notice?