IT management job at Chrysler Twinsburg this week

My neighbor lost his $125,000 IT management job at Chrysler Twinsburg this week. He's devastated. He just built his $400,000 house a few years ago, bought a new BMW for his wife, and has a boat for summer pleasure boating. He has no idea how he will be making all his payments now. He will be joining the millions of unemployed people in foreclosure & bankruptcy.
I told him he can thank Bush_A$$ & his big business favorable offshore job policies for costing him his job. He told me most of the jobs will be outsourced to India at $10,000 a year in salary for his replacement. He was a strong GOP & Bush_A$$ supporter until now. He just shook his head. He's very upset now, and has no idea what will happen to his American dream now.