PDA

View Full Version : GM Goes From Bad to Worse Despite Obama Bailout



mikesilvia
08-23-2012, 01:40 AM
Readers with long memories may recall that Charles E. Wilson, president of General Motors and nominee for secretary of defense, got into trouble when he told a Senate committee, "What is good for the country is good for General Motors, and what's good for General Motors is good for the country."That was in 1953, and Wilson was trying to make the point that General Motors was such a big company -- it sold about half the cars in the U.S. back then -- that its interests were inevitably aligned with those of the country as a whole.Things are different now. General Motors'...

More... (http://www.realclearpolitics.com/articles/2012/08/23/gm_goes_from_bad_to_worse_despite_obama_bailout_11 5184.html)