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Fox Says GM Layoffs Will Make Life "Better for Everyone Involved"

Reported by Melanie - November 21, 2005

"Compassionate conservatism" reared its heartless head today (November 21, 2005) on Your World w/Neil Cavuto during a roundtable discussion about today's announcement that General Motors will cut 30,000 jobs and close 10 plants in the US and two in Canada.

Cavuto opened the segment with, "So, should you be worried?" Wayne Rogers, a very frequent guest on Fox's "business news" programs, seemed to think not. He said, "People have been guaranteed a certain standard of living and almost think it's their right to have that." "That is not guaranteed anymore and people are going to have to work it out differently."

Fox's Dagen McDowell said, "You can't count on Uncle Sam. The future of Social Security's clearly in question. You can't count on the company you're working for."

Jonathan Hoenig, another very frequent guest said, "It's terrible that 30,000 people are going to lose their jobs right before the holidays. I mean, it breaks your heart, but the truth is, ultimately, it's going to be better for everyone involved. People will rely on their own efforts to prepare for retirement and save, not hope that GM or Delta or United don't go bankrupt."

Cavuto wrapped it up with, "All right. We are masters of our own fate."

Comment: Here we see compassionate conservatism at work folks. Buck up America! Layoffs are "better for everyone involved." Hey, being laid off gives you an opportunity to be the master of your own fate.

Only on Fox.

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