tag:blogger.com,1999:blog-5037814230181017218.post4206346371897819403..comments2008-12-08T23:42:07.668-05:00Darryl Siry (twitter: @djsiry)http://www.blogger.com/profile/16161545419518197135noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5037814230181017218.post-72124944452627884502008-12-08T23:39:00.000-05:002008-12-08T23:39:00.000-05:00I kind of wonder why VC never stepped up to buy GM. I mean at this point, how much would it cost? All the widgets, social media startups etc don't have a fraction of the concrete assets as GM. Nor products people actually pay money for (although that too is dwindling for GM. <BR/><BR/>But I think a lot of the hurt for the last tech bubble bursting stemmed from where it was, Northern California and the high cost of living and extreme salaries there. They were paid a lot more than $28 an hour. <BR/><BR/>So the failure of hundreds of thousands (many say millions) of blue and white collar workers in lower income areas will have a much different effect on the economy.David Thttp://www.fightingthesuburbs.comnoreply@blogger.com