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Article: EXECUTIVE INSIGHTS: Jim Zawacki.(Metal Forming & Fabricating)
- Article from:
- Fabricating & Metalworking
- Article date:
- January 1, 2009
CopyrightCOPYRIGHT 2009 Cygnus Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EXECUTIVE INSIGHTS: Jim Zawacki
Chairman GR Spring & Stamping, Inc.
BRAVE NEW WORLD
It doesn't help to know that our country's problems started with poor credit policies, followed by foreclosures in 2007, rapid rises in fuel costs and raw materials through the first three quarters of 2008, and the collapse of the automotive market during the last six months. We've entered a Brave New World where the economic rules of the 20th century (at least through 1992) don't apply today.
When a recession happened and jobs disappeared in the past, everyone understood the economy would grow better over time and the jobs would return. Not today: ...